Wall Street Journal editorial board urges Trump to quit tariffs after court defeat
Updated
Updated · The Daily Beast · May 8
Wall Street Journal editorial board urges Trump to quit tariffs after court defeat
8 articles · Updated · The Daily Beast · May 8
A three-judge U.S. trade court panel ruled on Thursday that Trump's global 10% import duties under Section 122 of the 1974 Trade Act were illegal.
The board said Section 122 permits temporary tariffs only for balance-of-payments deficits, not the trade deficit Trump cited, though the 150-day limit may curb the ruling's practical effect.
The setback follows the Supreme Court's February rejection of emergency tariffs, forcing refunds of $166 billion, while Federal Reserve research linked tariffs through November 2025 to a 3.1% rise in core goods inflation.
With tariffs fueling inflation and facing legal defeat, what does this mean for the future of American manufacturing?
After courts rejected his main tariff tools, what options remain for the President’s trade agenda?