Trade Court Rejects Trump’s Backup Tariff Plan For 10% Global Levies

BreakingBusinessTrade Court Rejects Trump’s Backup Tariff Plan For 10% Global LeviesByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 07, 2026, 05:56pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump’s 10% global tariffs are illegal, the U.S. Court of International Trade ruled Thursday, delivering another strike against the cornerstone of the president’s economic agenda after the Supreme Court rejected his controversial “Liberation Day” tariffs in February. The ruling was handed down Thursday evening.Photo by BRENDAN SMIALOWSKI/AFP via Getty ImagesKey FactsThe court ruled against Trump in a 2-1 vote.This is a developing story. Check back for updates.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video