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Spice Company Wins Suit Over 10% Trump Global Tariffs
Bloomberg Television· 2026-05-10 15:27
Section one twenty two was imposed about five hours after the president lost his IEBA tariff case. Section one twenty two says the president does have the authority to grant up to 15% tariffs on pretty much any country in the world if there is a large and serious balance of payments deficit. He has that authority for a hundred and fifty days, and then congress has to step in and either renew those tariffs or they go away.So our case held that he didn't have a balance of payments, large and serious deficit, ...