Court rules Trump's 10% tariff is just as illegal as the tariff it replaced

A U.S. trade court ruled Trump’s replacement 10% global tariff illegal.

The court said Section 122 of the Trade Act of 1974 did not allow Trump’s reading of balance-of-payments problems.

Refunds are limited to the plaintiffs, but the ruling could spur more lawsuits and tariff refund claims.

The decision removes a major trade lever as the administration weighs appeals or slower, narrower tariff authorities.