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After the Supreme Court ruled that Trump’s tariffs were illegal, he responded angrily and proposed a new set of tariffs using a never before used piece of legislation from 1974. So what is Trump’s justification? And will these also get blocked by SCOTUS?
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Sources:
1974 Trade Act
https://www.govinfo.gov/content/pkg/COMPS-10384/pdf/COMPS-10384.pdf
White House fact sheet + proclamation
https://www.whitehouse.gov/presidential-actions/2026/02/imposing-a-temporary-import-surcharge-to-address-fundamental-international-payments-problems/
https://www.whitehouse.gov/fact-sheets/2026/02/fact-sheet-president-donald-j-trump-imposes-a-temporary-import-duty-to-address-fundamental-international-payment-problems/
IMF explainer on current vs trade account
https://www.imf.org/en/publications/fandd/issues/series/back-to-basics/current-account-deficits
What is a “balance of payments” deficit?
https://substack.com/inbox/post/188856272
https://foreignpolicy.com/2025/06/03/trump-tariffs-law-1974-trade-act-section-122/
