Court rules Trump’s 10% tariff is just as illegal as the tariff it replaced
Summary
A U.S. Court of International Trade ruled that Trump's global 10% tariffs on most imports are illegal, undermining his use of Section 122 of the Trade Act of 1974. The decision, 2-1, hinges on the president's authority to redefine terms like balance-of-payments deficits and fundamental international payments problems, and it suggests potential refunds and further litigation. The ruling could constrain future tariff actions and prompt appeals, with implications for tech supply chains and manufacturing costs.