Trumpâs attempt to impose new 10% tariffs gets struck down by a panel of judges | CNN Business
President Donald Trumpâs 10% across-the-board tariffs are in jeopardy after a federal court ruled them illegal on Thursday, dealing a second major blow this year to the presidentâs signature economic policy. In a 2-1 ruling, the panel of judges at the US Court of International Trade found the administration lacked the justification to enact tariffs under a 1974 trade law known as Section 122. The administration began to enact these tariffs after a Supreme Court ruling earlier this year rendered its most sweeping levies illegal. Thursdayâs ruling calls for the administration to cease collecting these tariffs from the plaintiffs and refund prior payments. While only applicable to the impacted plaintiffs, itâs a major setback for the Trump administration and its tariff-enacting capacities. Trumpâs new tariffs might be illegal, but that may not ruin his tariff quest Section 122 allows a president to impose tariffs up to 15% across all imports without getting congressional approval if certain criteria are met. In this instance, the judges found the administrationâs argument for the tariffs insufficient. The presidential proclamation putting the tariffs in place identifies no
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