US trade court strikes down Trump’s new global tariff
By Bradley Dress ( May 7, 2026, 23:40 GMT | Insight) -- The US Court of International Trade on Thursday struck down President Donald Trump’s use of Section 122 of the Trade Act of 1974 to impose a 10 percent global tariff, with a divided panel of judges ruling the president misconstrued a statute that refers to a specific monetary crisis. The US Court of International Trade on Thursday struck down President Donald Trump’s use of Section 122 of the Trade Act of 1974 to impose a 10 percent global tariff, with a divided panel of judges ruling the president misconstrued a statute that refers to a specific monetary crisis. ...
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