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onenote

(46,091 posts)
5. Invoking the statutory "balance of payments" tariff authority has a good chance of surviving legal challenge
Fri Feb 20, 2026, 07:24 PM
Friday

It is authorized by Section 122 of the 1974 Trade Act - 19 USC 2132. Even the plaintiffs that successfully challenged his IEEEPA tariffs suggested that Section 122 would have been an appropriate basis for the "Liberation Day" tariffs. These tariffs can only be in place for 150 days and can't be used to target specific countries.

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