Trump's New 15% Global Tariffs Face Legal Challenge After Supreme Court Rejection

• US President Donald Trump imposed new 15% temporary tariffs after the Supreme Court struck down his previous tariff regime.
• The new tariffs, effective today, invoke Section 122 of the Trade Act of 1974, a rarely used provision for balance of payments problems.
• Critics argue the US does not meet the legal or economic conditions for Section 122, which allows tariffs for up to 150 days.
• Economists, including former IMF First Deputy Managing Director Gita Gopinath, state the US is not facing a balance of payments crisis.
• The Trump administration's own Justice Department previously dismissed Section 122 as an option for trade deficits, complicating its current defense.