Forklift operators move shipping containers at Port Everglades in Fort Lauderdale, Fla., on April 20, 2026. Joe Raedle/Getty ImagesThe 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 that contested the tariffs, which had taken effect on Feb. 24. A dissenting judge said it was premature to rule on the dispute.
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