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International Business Times UK
International Business Times UK
World
Aiza Moraña

Trump Faces US Trade Defeat: Court Rules 10% Tariff Rejected Amid $166 Billion Crisis

President Donald Trump's bold trade agenda has just collided with a major legal roadblock. On Thursday, a federal panel struck down his 10 per cent tariff on imported goods, ruling that the administration far exceeded its legal authority and abruptly halting one of its most aggressive economic tools.

The split decision delivers a heavy blow to the White House and its wider economic strategy. The ruling effectively stops the president from sidestepping Congress to impose sweeping new trade restrictions.

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