Trump: Visit to China Proceeds as Planned
¬ U.S. Court: Trump Administration's Global Import Tariffs Lack Legal Basis
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U.S. President Trump stated that his trip to China will proceed as scheduled.
President Trump plans to visit China from May 14 to 15. U.S. Treasury Secretary Bessent recently said Trump has no intention of postponing the trip. Meanwhile, in recent days, at least four U.S. military transport aircraft have flown into Beijing, with widespread speculation that they were transporting supplies needed for Trump’s visit to China.
China has not yet released official information. China Foreign Ministry spokesperson said that China and the United States are maintaining communication regarding President Trump’s visit to China.
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On May 7, the U.S. Court of International Trade ruled that the Trump administration’s imposition of a 10% global import tariff under Section 122 of the Trade Act of 1974 lacks legal basis. This marks another setback for the Trump administration’s economic agenda, following the Supreme Court’s earlier overturning of its reciprocal tariffs.
Trump responded by saying he was not surprised by the ruling of the U.S. Court of International Trade and would find other ways to impose tariffs.
On February 20 this year, the Supreme Court ruled that Trump’s implementation of broad-based tariffs under the International Emergency Economic Powers Act lacked legal authorization. Subsequently, the Trump administration turned to Section 122 of the Trade Act of 1974—previously unused—to impose a 10% tariff on all countries, citing the need to "correct international balance-of-payments imbalances," for a period of 150 days.
On the 7th, a panel of judges at the U.S. Court of International Trade in Manhattan ruled 2 to 1 in favor of a request by small businesses and over twenty Democratic-led states to revoke the tariffs. The majority opinion pointed out that Section 122 authorizes the president to impose temporary tariffs when serious international balance-of-payments issues arise, but such authority applies only when there is a fundamental imbalance in the overall international payments position—not merely a trade deficit in goods. Although the Trump administration argued that there was a $1.2 trillion goods trade deficit, the presidential proclamation failed to actually establish the statutory conditions required, thus making the tax collection unlawful.
Currently, the court injunction applies only to the two companies that filed the lawsuit and Washington State. The U.S. Department of Justice may challenge the decision before the Federal Circuit Court of Appeals. Jay Foreman, CEO of one of the winning companies, Basic Fun!, said the ruling acknowledges that tariffs exceed presidential authority and brings necessary clarity and stability to global supply chain enterprises.
Source: sputniknews
Original: toutiao.com/article/1864581372529676/
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