"The Democratic-led states, including New York, California and Oregon, in the lawsuit on Thursday argue the new tariffs, which Trump announced immediately after the high court ruling on February 20, are also illegal. Trump has said the tariffs are essential to reduce America's longstanding trade deficits. He imposed duties under Section 122 of the Trade Act of 1974 after the Supreme Court struck down tariffs he imposed last year under an emergency powers law."
"Section 122, which has never been invoked, allows the president to impose tariffs of up to 15 percent. They are limited to five months, unless extended by Congress, and are meant to address short-term monetary emergencies, not routine trade deficits, according to the states' lawsuit filed in the New York-based US Court of International Trade."
"The balance-of-payments deficit measures in the Trade Act are primarily intended to address archaic monetary risks that existed when foreign governments could trade dollars for gold held by the US, according to the states. Trump, however, has misapplied that standard in an attempt to instead address US trade deficits, which occur when a nation imports more than it exports, according to the states."
Twenty-four Democratic-led states, including New York, California, and Oregon, filed a lawsuit challenging President Trump's newly imposed 10 percent global tariffs. Trump announced these tariffs immediately after the Supreme Court struck down his previous tariffs imposed under emergency powers. The new tariffs were imposed under Section 122 of the Trade Act of 1974, which has never been previously invoked and allows tariffs up to 15 percent for up to five months to address short-term monetary emergencies. The states argue Section 122 was designed for archaic monetary risks, not routine trade deficits, and that Trump misapplied the statute. They contend the tariffs bypass Congress as required by the Constitution and represent an illegal attempt to circumvent the Supreme Court's recent ruling.
Read at www.aljazeera.com
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