Miner Company
Trump appeals after trade court rules his 10% global tariffs are illegal
The Trump administration on Friday appealed a court ruling that a 10% global tariff imposed in February was not justified under a 1970s trade law. The U.S. Court of International Trade ruled on Thursday in a 2-1 decision that Section 122 of the 1974 Trade Act was not meant to address trade deficits that occur when the U.S. imports more goods than it exports.
The Trump administration on Friday appealed a court ruling that a 10% global tariff imposed in February was not justified under a 1970s trade law. The U.S. Court of International Trade ruled on Thursday in a 2-1 decision that Section 122 of the 1974 Trade Act was not meant to address trade deficits that occur when the U.S. imports more goods than it exports.