US trade court rules against Trump’s 10 percent global tariffs

The US Court of International Trade has ruled against President Donald Trump's 10 percent global tariffs, finding they were not justified under a 1970s trade law. The court ruled in favour of small businesses that challenged the tariffs, which were imposed to correct serious balance of payments deficits or head off an imminent depreciation of the dollar. The ruling found the law was not an appropriate step for the kinds of trade deficits cited by the President.