Two dozen states filed in the Court of International Trade March 5 a lawsuit to stop the Trump administration from utilizing Section 122 of the 1974 Trade Act to impose tariffs on all imports into the U.S. over the next 150 days.
The president invoked Section 122 to impose a ten percent tariff on all U.S. imports immediately following the Supreme Court’s Feb. 20 decision striking down the administration’s IEEPA tariffs. The president has said he would increase the Section 122 tariff to the maximum 15 percent, but no official action to do that has yet taken place.
ST&R will continue to monitor the CIT’s activities as it relates to this lawsuit as well as the administration’s ongoing response to the IEEPA tariff ruling.
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