Trade court strikes down Trump's second attempt at global tariffs
A federal trade court on Thursday invalidated President Trump's attempt to impose a global tariff of 10% after he faced a loss at the Supreme Court over a separate set of broad levies.
TL;DR
- Federal trade court invalidated Trump's 10% global tariff attempt.
- This action occurred after a Supreme Court loss on separate levies.
- The ruling is a legal setback for the administration's trade policy.