United StatesMěiguó美国Court of International Trademàoyì fǎtíng贸易法庭to rule / to findcáidìng裁定Trump (transliteration)Tèlǎngpǔ特朗普10 percentbǎi fēn zhī shí10%global / worldwidequánqiú全球tariffs / import dutiesguānshuì关税unlawful / illegalwéifǎ违法。
May 9, 2026 at 3:00 AM
New Words
News in English
BusinessUS Trade Court Rules Trump 10 Percent Global Tariffs Are Unlawful
The US Court of International Trade struck down the Trump administration 10 percent global tariffs on May 7, ruling 2-1 that they lacked legal authorization under the Trade Act of 1974.
The U.S. Court of International Trade ruled 2-1 on May 7 that the Trump administration's 10 percent global import tariffs enacted in February are illegal.
The court's majority opinion held that these tariffs, citing Section 122 of the 1974 Trade Act as authorization, are not supported by that provision. The legislation does not authorize such broad global taxation measures.
This represents another legal setback for Trump following the Supreme Court's February ruling that struck down his earlier double-digit tariffs.
These new tariffs were re-imposed by authorities under the 1974 statute and are set to expire on July 24.
Small business plaintiffs argued that these new tariffs represent an attempt to circumvent the Supreme Court ruling.
The Trump administration is expected to appeal this decision, though the tariffs remain temporarily in effect pending further judicial review.
More in Business
Chinazhōngguó中国planjìhuà计划20262026 nián2026年artificial intelligenceAIAIchipxīnpiàn芯片production capacitychǎnéng产能triplefān sānbèi翻三倍。
China Targets Tripling AI Chip Production in 2026 to Counter Nvidia Dependence
Chinazhōngguó中国artificial intelligenceAIAIchipxīnpiàn芯片manufacturerszhìzàoshāng制造商revenueyíngshōu营收significantlydàfú大幅growzēngzhǎng增长。
Chinese AI Chipmakers Report Soaring Revenue Growth in 2026 Earnings Season
United States / AmericanMěiguó美国July7 yuè7月Consumer Price Index (CPI)CPICPIonly / merelyjǐn仅to rise / to go upshēng升0.1 percent0.1%0.1%,interest rate hikejiā xī加息worry / concerndānyōu担忧to ease / to alleviatehuǎnjiě缓解。
US July CPI Rises Just 0.1 Percent as Tame Inflation Data Boosts Markets
Trian Fund Management (investment firm)Tèlǐān Jījīn特里安基金to plan / planjìhuà计划to acquire / takeovershōugòu收购Wendys (fast-food chain)Wēndí温迪,stock pricegǔjià股价to rise / to go upshàngzhǎng上涨13 percent13%13%。
Trian Fund Prepares Bid to Take Wendys Private as Stock Jumps 13 Percent