Untested in court, Trump's new tariffs on Canada raise legal questions
In firing up a trade war with Canada, President Donald Trump turned to a 96-year-old statute so obscure that many trade lawyers didn't even know it was still on the books
In firing up a trade war with Canada, President Donald Trump turned to a 96-year-old statute so obscure that many trade lawyers didn't even know it was still on the books
BELLINGS Intelligence Score: 55
Why it matters
The imposition of new tariffs on Canada under an obscure statute raises significant legal and trade policy questions that could affect cross-border commerce and credit conditions, especially if it escalates into a broader trade conflict impacting market confidence and financing costs.
Sources
ABC News Business
Untested in court, Trump's new tariffs on Canada raise legal questions
In firing up a trade war with Canada, President Donald Trump turned to a 96-year-old statute so obscure that many trade lawyers didn't even know it was still on the books