(Brett Rowland, The Center Square) President Donald Trump’s administration signaled Friday it intends to appeal a federal trade court’s ruling striking down his 10% global tariff as unlawful, while simultaneously pressing ahead with a separate round of import taxes that could take effect as early as July.
American businesses have paid $166 billion in tariffs under the International Emergency Economic Powers Act. Those tariffs, which the Supreme Court struck down in February, are in the process of being refunded to the importers who paid them. An additional $8 billion was collected from the Section 122 tariff, which was struck down Thursday, according to We Pay the Tariffs, a coalition of nearly 1,200 small businesses that opposes tariffs. The Yale Budget Lab, a nonpartisan policy research center, estimated the Section 122 tariffs would cost the average U.S. household between $600 and $800 per year.
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