Experts warn Donald Trump's new tariffs are also illegal. Here's why they think Section 122 won't work
Experts have raised concerns over the legality of the new tariffs imposed by US President Donald Trump, citing Section 122 of the Trade Act. They argue that the use of balance-of-payments measures to justify these tariffs is flawed, particularly as the United States currently does not face a payment deficit. This situation raises the possibility of legal challenges under the International Emergency Economic Powers Act (IEEPA), which could render these tariffs ineffective. Legal analysts suggest that the government's rationale for the tariffs lacks sufficient grounds, which may lead to significant repercussions in international trade relations. As global markets respond to these developments, the implications for both US economic policy and international trade could be profound, with experts urging a reevaluation of such measures to avoid potential legal pitfalls and trade disputes.
Originally reported by LiveMint. Read original article
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