Source: Bloomberg
Summary
A U.S. Court of Appeals for the Federal Circuit ruled that the government can continue to collect the 10 percent duties on international imports levied under Section 122. The decision allows the tariffs to remain in place, affecting various imported goods. The court’s ruling was announced on February 17, 2023.
Our Reading
The look feels familiar. Trade tensions spark, and tariffs follow. Section 122 duties join the cycle of protectionism. Tariffs on international imports become a recurring theme. The 10 percent duties remain, a familiar refrain in the trade landscape. The cycle repeats, with the court’s ruling as the latest verse.
Author: Evan Null
