The Korea Times
NEW YORK — A U.S. trade court on Friday considered the legality of a 10 percent global import tax imposed by President Donald Trump, which several states and small businesses say sidesteps a U.S. Supreme Court ruling that invalidated most of his previous tariffs. A group of 24 mostly Democratic-led states and two small businesses sued the Trump administration to stop the new tariffs, which went into effect on February 24. The hearing is before a three-judge panel of the U.S. Court of Intern ational Trade. Oregon's lawyer Brian Marshall told the judges they should block the 10 percent tariffs rather than let them expire on the normal 150-day timeline, to keep Trump from invoking a variety of laws to keep them indefinitely. "We have a successive series where there's always tariffs in place, that's a problem," Marshall said. Marshall also said the tariffs were based on archaic authority that was meant to protect the U.S. dollar from sudden depreciation in the 1970s, when dollars could be exchanged for gold reserves held in Fort Knox. He said that authority was meant to resolve significant "
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