But Trent anathematises anyone who asserts the rites of the Church may be sinful or blasphemous. So if the NO is either of those things, the law promulgating it must be invalid or else Trent would have been wrong.
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The NO is illicit, therefore it's not a "rite of the Church". Trent applies only to those rites which are valid, legal and moral. The NO is illicit, probably invalid, and definitely immoral (both due to it's illicitness and it's lack of rubrical structure and edits to prayers).
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Secondly, a law is not valid/invalid. It's either legal/illegal. The law creating the NO is (arguably) legal. All Paul 6 did was to legally say "a new missal is created". His law does not put a stamp of approval on its validity or morality.
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The Church's legal structure is part of the human aspect of the Church. It was created by man, for man, run by men. Therefore, it is not protected by infallibility and even a not-yet-deposed heretical pope/bishop could still (in theory) have governmental/legal power.