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

Insights From the BMO Creator Forum

The Canadian ETF industry has entered a new phase of maturity, defined not only by…

2 hours ago

Provincial AI strategy could protect residents, scale Sask. workforce: advocates

As Canada works to implement a national strategy around artificial intelligence, announced earlier this month,…

3 hours ago

US judge rejects Joe Biden’s lawsuit asking to withhold memoir recordings | Joe Biden News

A United States judge has denied a petition from former Democratic President Joe Biden arguing…

3 hours ago

AllUnity Launches SEKAU As MiCA Stablecoin Market Expands Beyond Euro And Dollar

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR …

3 hours ago

James Burrows, prolific TV director and ‘Cheers’ co-creator, dead at 85 – National

James Burrows, who helped create volumes of laughter as director of more than a thousand…

6 hours ago

Treasury Yields Snapshot: June 18, 2026

The yield on the 10-year note finished June 18, 2026 at 4.46% while the 2-year…

7 hours ago