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The Economic Times

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Trump's new tariffs shift focus to balance of payments; economists see no crisis

President Donald Trump imposed temporary 15% tariffs under Section 122 of the Trade Act after the Supreme Court struck down earlier duties. The move, justified as addressing a balance-of-payments deficit, has drawn skepticism from economists who say no such crisis exists. Legal experts argue the tariffs could face fresh challenges, noting the administration previously dismissed Section 122 as inapplicable to trade deficits.

24 Feb 2026 11:43 am