February 25, 2026
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After the Supreme Court ruled that Trump's tariffs were illegal, he responded angrily and proposed a new set of tariffs using a never before used piece of legislation from 1974. So what is Trump's justification? And will these also get blocked by SCOTUS?
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Sources:
1974 Trade Act
White House fact sheet + proclamation
IMF explainer on current vs trade account
What is a “balance of payments” deficit?
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