US trade court rules against Trump’s 10% global tariffs

Source: The Guardian [UK]

“The US trade court on Thursday ruled against Donald Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law. The US court of international trade ruled in favor of small businesses that challenged the tariffs, which took effect on 24 February. The ruling was 2-1, with one judge saying it was premature to grant victory to the small business plaintiffs. The small businesses had argued the new tariffs were an attempt to sidestep a landmark US supreme court decision that struck down the Republican president’s 2025 tariffs imposed under the International Emergency Economic Powers Act.” (05/07/26)

https://www.theguardian.com/us-news/2026/may/07/trump-global-tariffs-trade-court-ruling