The US Trade Court has published a ruling that President Donald Trump's administration policy of imposing a 10% tariff on imports from around the world lacks sufficient legal support.

The court addressed the use of the International Emergency Economic Powers Act, under which the Trump administration has imposed extensive import tariffs in the past. However, according to the US Supreme Court's 20 February decision, this practice did not have a clearly defined legal basis.

Shortly after the verdict was announced, the Trump administration announced a new step. On the same day, it decided to use Section 122 of the Trade Act of 1974 to impose a global tariff of 10 percent on imports from all countries for 150 days.

The US courts' decision reopens the debate on the scope of presidential powers over foreign trade and how the United States can impose extraordinary trade measures. The issue is also attracting the attention of the US's foreign partners and global financial markets, which are watching the potential impact of further tariff actions on the global economy.

CMG