The United States Court of International Trade ruled on Thursday against the latest 10% global tariffs imposed by President Donald Trump, finding that they were not justified under a trade law from the 1970s.
Read more Local elections foresee an upheaval in the British political map
The United States Court of International Trade ruled in favor of small businesses that challenged the tariffs, which took effect on February 24.
The court finds that the tariffs are not justified under a trade law from the 1970s
The ruling was 2 to 1, as one of the judges noted it was premature to grant victory to the small business plaintiffs. The small businesses had argued that the new tariffs constituted an attempt to circumvent a historic U.S. Supreme Court decision that overturned the 2025 tariffs of the Republican president, imposed under the International Emergency Economic Powers Act.
Read more U.S. and Iran exchange attacks in the Strait of Hormuz and bring the truce to the brink of collapse
In his February order, Trump invoked section 122 of the Trade Act of 1974, which allows tariffs to be applied for up to 150 days to correct severe “balance of payments deficits” or to prevent an imminent depreciation of the dollar.
Thursday’s court ruling determined that the law was not an appropriate measure for the type of trade deficits Trump cited in his February order.
Read more The San Isidro festivities kick off: concerts, parades, exhibitions, and gastronomy
