U.S. Trade Court Rules 10% Global Tariff Unlawful
"10% Global Tariff Not Justified"
The U.S. District Court has ruled that the "global 10% tariff" imposed by U.S. President Donald Trump to replace reciprocal tariffs is also unlawful.
According to the New York Times on May 7 (local time), the U.S. Court of International Trade found that the Trump administration's newly imposed 10% global tariff on all trading partners worldwide is not justified under Section 122 of the Trade Act.
The New York Times pointed out that this serves as a legal check by the judiciary on the White House's initiation of a trade war without explicit congressional authorization.
Hot Picks Today
Ballot Box Found in Trash... Peru Holds Runoff Amid 'Ballot Shortage Crisis'
- [Exclusive] "Why Is Only My Stock Not Rising?" The Reason Revealed... Suspicions of 'Stock Price Suppression' Mocking Government Policy [Wealth Succession] Intops②
- "Exactly the Same Early Voting Results in Songdo 1-dong and 2-dong?"... Uproar Over Ballot Counting
- "Brothers, You've Been Waiting for News?"... Orphanage Library Built Thanks to 'Money Brag' by SK hynix Employee
- "Click! Gotta Post on SNS"... 'Small Luxury' for 20s and 30s Cools Down Amid High Inflation
Previously, after the U.S. Supreme Court ruled in February that reciprocal tariffs (country-specific tariffs) imposed under the International Emergency Economic Powers Act (IEEPA) were unlawful, President Trump imposed a 10% global tariff on all countries under Section 122 of the Trade Act as a "substitute tariff."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.