The US International Trade Court ruled that the Trump administration's global import tariffs lack legal basis

On May 8th, according to Reuters, the US International Trade Court ruled on May 7th that the legal basis for US President Trump's policy of imposing a 10% global import tariff is not valid.

Previously reported, on February 20th, US President Trump announced the imposition of a global tariff of 10% on all countries for a period of 150 days under Section 122 of the 1974 Trade Act, to replace tariffs deemed illegal by the Supreme Court. On the same day, the US Supreme Court announced a ruling that the International Emergency Economic Powers Act did not authorize the President to impose large-scale tariffs.