Neal Katyal, who won a Supreme Court decision striking down President Trump’s prior unilateral tariffs, said Trump’s newly announced 15% global tariff increase is unlikely to hold up in court. Katyal noted the administration’s Justice Department previously told justices that Section 122 of the Trade Act — which Trump cited after the court rebuked his IEEPA strategy — does not obviously apply to deficits-based tariffs, and he urged the president to seek congressional approval instead. Trump announced the 15% hike Feb. 21 and reacted angrily to the court’s ruling, deepening the legal and political fight over presidential trade powers now. (businesstoday.in)