Trump's Section 122 Tariffs Face Court Challenge Amid Economic Concerns
The Court of International Trade is currently hearing a case challenging President Trump's 10% global tariffs, imposed under Section 122 of the Trade Act of 1974. This follows the Supreme Court's decision to strike down his previous tariffs under the IEEPA. The new tariffs, which are set to expire in July, are being contested by small businesses and 24 states. They argue that Section 122, intended for 'fundamental international payments problems,' is being misapplied to routine trade deficits. The court is deliberating on the interpretation of this statute, with the tariffs' legality under scrutiny. 
