Categories: World

US trade court rules against Trump’s 10 percent global tariffs | Trade War News


The court ruled in favour of small businesses that challenged the tariffs that took place in February.

The United States trade court has ruled against President Donald Trump’s latest 10 percent global tariffs, finding that across-the-board tariffs were not justified under a 1970s trade law.

The US Court of International Trade ruled on Thursday in favour of small businesses that challenged the tariffs, which took effect on February 24. 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.

In his February order, Trump invoked Section 122 of the Trade Act of 1974, which allows for duties for up to 150 days to correct serious “balance of payments deficits” or head off an imminent depreciation of the dollar.

Thursday’s court ruling found the law was not an appropriate step for the kinds of trade deficits that Trump cited in his February order.



Source link

admin2

Share
Published by
admin2

Recent Posts

ALPS Spotlights 3 Funds for Volatility

Elevated geopolitical tensions and policy uncertainty are creating higher cross-asset volatility in 2026, driving sharp…

1 hour ago

Why This Crypto Trader Is Loading Up On Ethereum Now

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite market…

2 hours ago

Human remains found in dead South African crocodile after ‘dangerous’ operation – National

Police in South Africa have recovered the remains of a man from inside a crocodile…

3 hours ago

‘No words to describe the nightmare’: Man sentenced in N.B. couple’s 2019 murders – New Brunswick

A New Brunswick man has been handed down two life sentences, to be served concurrently,…

6 hours ago

Bitcoin Breaks $80k: Caution Still Warranted

Bitcoin’s move back above US$80,000 is the most consequential development of the past two weeks,…

6 hours ago

US pushing Israeli de-escalation ahead of new talks: Lebanese official | Israel attacks Lebanon News

Talks between Lebanese and Israeli delegations to be held in Washington, DC, next week, the…

6 hours ago