US trade court rules against Trump's 10% global tariffs

[underpants]

4. The Cato Institute says the same. Double whammy.

https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3661978


APRIL 14, 2026 1:57PM
Section 122 Is an Anachronism, Not a License for New Tariffs

The administration’s latest tariff move does not just rest on bad policy. It rests on a concept that no longer fits the world we live in. That is why I joined the economists’ amicus brief challenging the administration’s use of Section 122 in the US Court of International Trade, which can be found here. The core problem is simple: Section 122 was written for a monetary order that has passed. The administration is trying to revive it as if nothing important has changed in the international monetary system since the early 1970s.

https://www.cato.org/blog/section-122-anachronism-not-license-new-tariffs