Courts holding line on Trump’s proposed tariffs
The Trump administration is trying to pick up the pieces of its global tariff agenda after a major Supreme Court rebuke this term. That might not be as easy as administration officials hoped, judging by a May 7 ruling from the U.S. Court of International Trade that the president’s substitute border taxes are also illegal. The Supreme Court ruled 6-3 in February that the president lacked authority under the International Emergency Economic Powers Act of 1977 to impose unlimited tariffs on a whim. He responded by invoking a new authority, Section 122 of the Trade Act of 1974, to ...