Appeals Court: US Government Can Continue Collecting 10% Tariffs
· Telemundo McAllen (KTLM)
The United States government can continue to collect the global 10% tariff imposed in February while challenges to those levies are processed in the courts, a federal court ruled on Thursday. The decision by the Federal Circuit Court of Appeals in Washington represents a procedural victory for the government, concluding that its argument 'is likely to succeed on the merits.' At stake are temporary global tariffs of 10% that President Donald Trump imposed after the Supreme Court struck down broader tariffs he had imposed last year on nearly all countries. The new tariffs, invoked under Section 122 of the Trade Act of 1974, are set to expire on July 24. Section 122, which had never before been used to justify import taxes, allows the president to impose global tariffs of up to 15% for 150 days, after which Congressional approval is needed to extend them.
AI summary · Source: Telemundo McAllen (KTLM) →
