U.S. Section 122 Tariffs: Court Ruling and Ongoing Monitoring for Importers

The situation remains fluid following the decision by the U.S. Court of International Trade, which ruled that the global tariffs imposed under Section 122 of the Trade Act of 1974 were not authorized by law. In essence, the court found that the administration could not use this temporary provision, normally tied to serious balance-of-payments issues, […]

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