U.S. trade court rules against Trump’s 10% tariffs

The recent ruling by a U.S. trade court has declared President Trump’s 10% global tariffs invalid. In a 2-1 decision, a panel of judges in the U.S. Court of International Trade sided with 24 states and a group of businesses who challenged the legality of the tariffs imposed by the Trump administration. These tariffs, put in place in February, were deemed unlawful by the court, citing economic harm.

The ruling stated that the Trump administration must implement the order within five days and issue refunds plus interest to businesses that have paid the tariffs. The White House is expected to begin issuing refunds this month to businesses affected by the tariffs.

This decision comes after the Supreme Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize the President to impose tariffs. Following this ruling, the White House implemented new tariffs using Section 122 of the Trade Act of 1974, which allows the President to impose tariffs for 150 days.

The U.S. Court of International Trade’s 88-page ruling described the tariffs as unlawful and called for the cessation of the collection of Section 122 duties from Importer Plaintiffs. The court emphasized the need for the administration to provide refunds to businesses impacted by the tariffs.

The White House has not yet commented on the ruling, but it is expected to comply with the court’s decision. The legal battle over the tariffs continues, with implications for businesses and trade relations. Stay tuned for further developments on this issue.

This article was contributed by Kathryn Watson, Lucia I Suarez Sang, Melissa Quinn, and Joe Walsh. For more updates on this story and other news, visit CBS News.