economy
U.S. trade court rules against Trump's 10% tariffs
Updated on: May 7, 2026 / 10:00 PM EDT / CBS News
TL;DR
- A U.S. trade court ruled President Trump's 10% global tariffs invalid in a 2-1 decision.
- The ruling challenges the legality of tariffs implemented in February.
- The court found the tariffs unlawful and that they caused economic harm.
- The Trump administration must stop charging tariffs for the suing plaintiffs and issue refunds with interest.
- The court stated the Section 122 tariffs were not justified by the required balance-of-payments deficit.
- This decision follows a Supreme Court ruling that invalidated previous 'Liberation Day' tariffs.