May 8, 2026

The U.S. Court of International Trade on Thursday ruled that U.S. President Donald Trump's new global tariff is illegal, thus invalidating his 10 percent tariffs on most U.S. imports.

The court ruled that Section 122 of the Trade Act of 1974 allows tariffs only when there are "large and serious balance-of-payment deficits."

"But no such thing exists," Oregon Attorney General Dan Rayfield's office said in a release. "A trade deficit is not a balance-of-payment deficit. As the court ruled, the President's tariffs proclamation 'is invalid, and the tariffs imposed on Plaintiffs are unauthorized by law.'"

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https://www.globaltimes.cn/page/202605/1360537.shtml