US trade court rules against Trump's 10% global tariffs
The US Court of International Trade has ruled against Donald Trump's latest 10% global tariffs, finding that the across-the-board duties were not justified under the trade law he cited.A panel of judges ruled 2-1 that the administration lacked a valid basis under Section 122 of the Trade Act of 1974 to impose the tariffs.The case was brought by small businesses challenging the duties.The decision currently applies only to the plaintiffs, meaning the tariffs can remain in place for other importers for now.The White House has not yet commented, and the ruling could be appealed.The judgment is a fresh setback for... [Continue Reading]
360LiveNews | 07 May 2026 22:59 LONDON
