Trade court strikes down Trump 10% universal tariffs

The Court of International Trade on Thursday ruled that President Trump's newest round of tariffs were illegal, though the duties are likely to stay in effect while the administration appeals. Why it matters: It is yet another legal setback for the White House's trade policy — this time ruling against the suite of tariffs that officials imposed to replace those struck down by the Supreme Court.State of play: Trump turned to Section 122 — a never-before-used provision of the Trade Act of 1974 — t...