US Court Rules Section 122 Tariffs Unlawful: A Blow to Presidential Trade Powers
The US Court of International Trade struck down a Presidential Proclamation imposing a 10% tariff on all imports, ruling it exceeded the authority granted by Section 122 of the Trade Act of 1974. The Court clarified that this provision only covers tariffs addressing balance-of-payments deficits — not broader trade or investment imbalances. Relief was limited to the three parties who successfully challenged the measure.
