Add Axios as your preferred source to
see more of our stories on Google.
The U.S. Court of International Trade in New York. Photo: Spencer Platt/Getty Images
The nation's top trade court said on Friday that the legality of President Trump's latest tariffs comes down to one question — what counts as a "balance-of-payments deficit" — but no one had a satisfactory answer.
Why it matters: The case will determine the staying power of tariffs underpinned by an obscure, never-before-used trade law — the authority that Trump fell back on after the Supreme Court struck down his sweeping global tariffs.
