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US trade court blocks Trump’s 10% global tariff for select importers

US trade court blocks Trump’s 10% global tariff for select importers

The United States Court of International Trade has ruled that former President Donald Trump’s temporary 10% global tariffs were not justified under the Trade Act of 1974.

The court blocked the tariffs for two private importers and Washington state but declined to suspend them nationwide, rejecting a request from 24 states seeking a broader injunction.

The ruling stated that the law cited by Trump was not intended for the type of trade deficits referenced in his February tariff order.

MKMA