U.S. court blocks Trump's 10% global tariffs

The US Court of International Trade on Thursday ruled against the Republican president Donald Trump's 10% global tariffs that took effect on 24 February, finding that invoking section 122 of the Trade Act of 1974 was not appropriate for the trade deficits cited. The 2-1 decision favored small businesses that argued the tariffs attempted to sidestep a supreme court decision that struck down 2025 tariffs under IEEPA. Separately, Trump gave the European Union until 4 July to implement a Scotland trade deal and warned he would raise car and other EU tariffs to much higher levels if commitments are not met.

Court rules against the 10% global tariffs under the 1974 Trade Act