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news The Hindu 2026-04-10

Federal Court Debates Definition of Global Trade Terms

Judges rigorously questioned legal counsel regarding the meaning of specific terms, such as 'balance-of-payments deficits,' as used in the Trade Act of 1974 and its modern interpretation.


The judges intensely questioned lawyers for both the plaintiffs and the government about what certain terms mean, including what precisely the term “balance-of-payments deficits” meant when it was used in the Trade Act of 1974 and what it means today

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