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US DOJ says Section 122 tariffs legal, address core deficit

By Bradley Dress ( April 7, 2026, 17:30 GMT | Insight) -- The US Department of Justice said in a new brief that President Donald Trump’s global 10 percent tariffs under Section 122 of the 1974 Trade Act are legal because they deal with a core component of the balance of payments  — the current account — which has a significant deficit, offering the first defense of the sweeping new duties. The US Department of Justice said in a new brief that President Donald Trump’s global 10 percent tariffs under Section 122 of the Trade Act of 1974 are legal because they deal with a core component of the balance of payments — the current account — which has a significant deficit, offering the first defense of the sweeping new duties. ...

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