The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.Open
The U.S. Court of International Trade gave the federal government less than a month to respond to the two lawsuits challenging Trump's global tariff under Section 122 of the Trade Act of 1974.
The Trump administration initiated a trade investigation — and signaled more to come — that will likely result in new tariffs on global trading partners. Why it matters: The White House is making good on its promise to reinstate the sweeping tariffs struck down by the Supreme Court. - Officials see the investigations concluding before the global 10% tariff — enacted to replace tariffs deemed illegal — expires in July. What they're saying: Speaking to reporters on Wednesday, top Trump trade official Jamieson Greer stressed that he was not "pre-judging the investigations." - Still, Greer said that the administration feels strongly about the issues under examination: "If we need to impose tariffs to help solve this we will," he…
The Trump administration initiated a trade investigation — and signaled more to come — that will likely result in new tariffs on global trading partners. Why it matters: The White House is making good on its promise to reinstate the sweeping tariffs struck down by the Supreme Court. - Officials see the investigations concluding before the global 10% tariff — enacted to replace tariffs deemed illegal — expires in July. What they're saying: Speaking to reporters on Wednesday, top Trump trade official Jamieson Greer stressed that he was not "pre-judging the investigations." - Still, Greer said that the administration feels strongly about the issues under examination: "If we need to impose tariffs to help solve this we will," he…Open