A federal trade court ruling halts the former president’s proposed 10% tariff on all imports, citing legal overreach.
A US trade court ruled against the Trump administration’s proposed 10% universal tariff on all imports, determining the measure exceeded executive authority. The decision prevents immediate implementation of the tariff, which aimed to address trade deficits and protect domestic industries.
The proposal, announced earlier this year, faced bipartisan opposition and legal challenges from trade groups. Analysts had warned the tariff could raise consumer prices and trigger retaliatory measures from trading partners. The court’s ruling does not permanently block the policy but requires legislative approval for future action.
Markets showed limited reaction, as the tariff had not yet taken effect, but the decision reduces near-term trade policy uncertainty for importers and exporters.