Asia School of Business

Global Inquiry, Local Heart

Astro AWANI: The Legal Basis of Trade Wars

Joseph Cherian

An economist has questioned the legal basis of U.S. President Donald Trump’s new tariffs, saying Washington may be relying on a law never intended for modern trade disputes. Asia School of Business CEO Joseph Cherian said the Section 122 of the Trade Act of 1974 was introduced in the 1970s to deal with balance of payments problems faced by the U.S..