New York —Just a week after the Supreme Court demolished the cornerstone of President Donald Trump’s tariff regime, questions are swirling about the legal foundation of his replacement tariffs. By the time a legal challenge of Section 122 tariffs plays out, Trump will likely have moved on to sturdier replacements. Balance of payments includes all economic transactions between the United States and other countries. “These new tariffs are even more clearly illegal than Trump’s IEEPA tariffs,” Andrew C. McCarthy argued in the conservative National Review. Some have argued that, in theory, Trump could allow the Section 122 tariffs to lapse and then just restart the 150-day clock by declaring another emergency.

Source: Egypt Independent March 02, 2026 08:42 UTC