Court backs Trump on rescinding de minimis tariff exemption

A federal trade court agreed Thursday that President Trump lawfully ended a tariff exemption for low-cost goods last year. Trump did so by invoking the same 1970s-era emergency statute that the Supreme Court ruled he could not use to authorize his sweeping “Liberation Day” tariffs. The U.S. Court of International Trade said ending a tariff exemption is legally...

A federal trade court agreed Thursday that President Trump lawfully ended a tariff exemption for low-cost goods last year. Trump did so by invoking the same 1970s-era emergency statute that the Supreme Court ruled he could not use to authorize his sweeping “Liberation Day” tariffs. The U.S. Court of International Trade said ending a tariff exemption is legally...