The centerpiece of US President Donald Trump’s economic policy sweeping taxes on global imports is under legal assault again.
The US Court of International Trade, a specialised court in New York, heard oral arguments on Friday in an attempt to overturn the temporary tariffs Trump turned to after the Supreme Court in February struck down his preferred choice even bigger, even more sweeping tariffs.
In his first attempt to impose global tariffs, the president last year invoked the 1977 International Emergency Economic Powers Act (IEEPA), using the law to declare America’s longstanding trade deficit a national emergency and to impose double-digit worldwide taxes on imports to combat it.
He interpreted the law broadly to justify tariffs of whatever size he wanted, whenever he wanted to impose them, on whatever country he wanted to target.
The Supreme Court struck those tariffs down on February 20, saying IEEPA did not authorise the use of tariffs to counter national emergencies.
Bu​The centerpiece of US President Donald Trump’s economic policy sweeping taxes on global imports is under legal assault again.
The US Court of International Trade, a specialised court in New York, heard oral arguments on Friday in an attempt to overturn the temporary tariffs Trump turned to after the Supreme Court in February struck down his preferred choice even bigger, even more sweeping tariffs.
In his first attempt to impose global tariffs, the president last year invoked the 1977 International Emergency Economic Powers Act (IEEPA), using the law to declare America’s longstanding trade deficit a national emergency and to impose double-digit worldwide taxes on imports to combat it.
He interpreted the law broadly to justify tariffs of whatever size he wanted, whenever he wanted to impose them, on whatever country he wanted to target.
The Supreme Court struck those tariffs down on February 20, saying IEEPA did not authorise the use of tariffs to counter national emergencies.
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