Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming
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Source: Zero Hedge
Published: 2026-05-08 13:31 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Crime & Justice, Culture & Entertainment, Military & Defence, Law & Courts, Trade & Sanctions, World News, US Politics, Business & Economy, Crime & Justice
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Snippet:
After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump's latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IEEPA tariffs last year, a higher court might soon stay this ruling and leave the tariffs in place pending a longer review.
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