Trade tensions are heating up again as 24 states take legal action against Donald Trump over new tariffs imposed under Section 122 of the Trade Act of 1974.
Trump Imposing Section 122 Tariffs
After the Supreme Court of the United States struck down President Donald Trump’s tariffs under IEEPA on February 20, the administration pivoted fast—announcing new levies under Section 122 of the Trade Act of 1974.
Supreme Court Ruled Against Trump’s Tariffs
A major shift in U.S. trade policy just made headlines ⚖️🇺🇸 The Supreme Court has ruled against the sweeping tariffs imposed under the International Emergency Powers Act (IEEPA).