Trump's Tariffs Deemed Illegal: US Court Ruling Shakes Global Trade

US Court Rules Some Trump Tariffs Illegal A US court delivered a significant ruling on Wednesday, declaring certain tariffs imposed by former President Donald Trump to be unlawful. The decision specifically targets a 10% tariff on nearly all US goods imports, announced by Trump on April 2nd, which he termed "Liberation Day." The ruling also impacts similar tariffs levied against Canada, Mexico, and China, all implemented in relation to alleged substantial smuggling. However, the court's decision does not extend to tariffs on car and metal imports. "This includes the 10% tariff on almost all US goods imports announced by the president on the second of April," explained Ben Chu, BBC Verify. The ruling has been welcomed by financial markets, with share prices rising in response. The Trump administration has indicated its intent to appeal the ruling. The uncertainty surrounding the future of these tariffs highlights the ongoing complexities of global trade relations. The administration's appeal could overturn the ruling, and there's a possibility of the tariffs being reimposed under a different legal premise, leaving global trade in a state of flux.