• The US Court of International Trade ruled Trump’s 10% global tariffs illegal.
  • The court found Trump lacked authority under Section 122 of the Trade Act of 1974.
  • Trump attempted to use a law meant for balance-of-payments issues, but the court rejected his interpretation.
  • The ruling does not require a universal injunction, only applying to plaintiff importers.
  • Trump said he would pursue tariffs under other legal authorities.

Sources & Links