Forklift operators move shipping containers at Port Everglades in Fort Lauderdale, Fla., on April 20, 2026. Joe Raedle/Getty Images
The U.S. Court of International Trade on May 7 struck down President Donald Trump’s 10-percent global tariffs under the Trade Act of 1974.
The court ruled 2–1 in favor of small businesses and several states that contested the tariffs, which had taken effect on Feb. 24. The dissenting judge said it was premature to rule on the dispute.
