Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Trade Court Rules Trump’s 10% Global Tariffs Unlawful — Again

by Team Lumida
May 8, 2026
in Macro
Reading Time: 3 mins read
A A
0
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp
  • The U.S. Court of International Trade invalidated Trump’s 10% global tariffs imposed under Section 122 of the Trade Act, ruling 2-1 that the president failed to satisfy the statute’s legal criteria for imposing import surcharges.
  • The court blocked enforcement against the two plaintiff companies (spice importer Burlap & Barrel and toy company Basic Fun) and Washington State, but stopped short of a universal injunction — meaning other importers don’t get automatic relief.
  • The ruling is the second major tariff defeat: the Supreme Court struck down Trump’s first round of global tariffs in February under IEEPA, triggering $170 billion in refund claims that are still being processed.
  • The administration plans to appeal and is already developing Section 301 tariffs as the next legal vehicle — but those require months of investigations and won’t be ready until July at the earliest, creating a gap in trade leverage heading into the Trump-Xi summit.

What Happened?

A 2-1 panel of the Court of International Trade ruled that Trump’s 10% global tariffs — imposed in February under Section 122 of the Trade Act of 1974, a law never previously invoked — were unlawful. The court found the administration failed to demonstrate the existence of “fundamental international payments problems” as required by the statute, instead relying on trade and current account deficits as proxies. The ruling grants injunctive relief only to the direct plaintiff importers and Washington State, not a nationwide block. Trump told reporters: “We had two radical left judges who voted against it. We always do it a different way.”

Why It Matters?

This is the second consecutive court invalidation of Trump’s signature tariff agenda — a serious blow to the administration’s economic and geopolitical leverage. The $8 billion per month in Section 122 tariff revenue had been serving as a bridge until new Section 301 tariffs could be implemented later this year. That bridge is now shaky. More politically damaging: the ruling comes just days before Trump’s May 14–15 summit with Xi Jinping in Beijing, where trade policy is a central agenda item. With courts repeatedly striking down unilateral tariff authority, Trump’s negotiating leverage is diminished.

What’s Next?

The Justice Department is expected to appeal to the Court of Appeals for the Federal Circuit — the same court that ruled against the administration in the IEEPA tariff fight. Meanwhile, the administration is pressing ahead with Section 301 investigations into forced labor practices and excess manufacturing capacity, which are expected to eventually result in new and more legally durable duties. Watch for whether the court ruling emboldens more importers to sue for relief, and whether Congress makes any move to clarify or expand presidential tariff authority. The IEEPA refund process — covering $170 billion already collected — is also continuing in parallel.

Source: The Wall Street Journal

Previous Post

AI Is Distorting Practically Everything About the Economy

Next Post

How Anthropic’s Mythos Threw the White House AI Strategy Into Chaos

Recommended For You

French Yield Premium Hits Euro-Crisis Levels and Italy Spreads Widen Fastest Since March 2020 as EU Officials Warn on Borrowing

by Team Lumida
9 hours ago
JPMorgan Sees Diesel Falling to $4.70 a Gallon Within 15 Days of an Export Ban, Then Reversing as Refiners Cut Runs

Brussels can grant fiscal flexibility but cannot make investors lend, which has shifted the binding constraint from EU rules to bond markets.

Read more

UK Diesel Passes £2 a Litre With Economists Warning of 5.3% Inflation, as the G7 Releases Up to 100 Million Barrels

by Team Lumida
9 hours ago
UK Diesel Passes £2 a Litre With Economists Warning of 5.3% Inflation, as the G7 Releases Up to 100 Million Barrels

Demand barely responds to price, with a 10% rise cutting consumption just 1%, so a supply shock passes almost entirely into costs.

Read more

Trump Says Europe Will Release Diesel Immediately, Making a US Export Ban Less Likely as Crude Falls to $89.75

by Team Lumida
11 hours ago
Trump Says Europe Will Release Diesel Immediately, Making a US Export Ban Less Likely as Crude Falls to $89.75

The announcement came via social media with no volumes, no timeline and no European confirmation quoted.

Read more

China Chip Smuggling Exposes Nvidia’s Blind Spots; Hair Dryer Serial Sticker Removal; Southeast Asia Transit Network; Wally Liaw Super Micro Indictment $2.5B; Flying Tiger Taiwan 74 Servers Smuggled; Trump-Huang Relationship; Export Control Easing; DeepSeek/Moonshot/Alibaba Suspected Customers; BIS Understaffed Enforcement; $300M Latest Indictment

by Team Lumida
18 hours ago
China Chip Smuggling Exposes Nvidia’s Blind Spots; Hair Dryer Serial Sticker Removal; Southeast Asia Transit Network; Wally Liaw Super Micro Indictment $2.5B; Flying Tiger Taiwan 74 Servers Smuggled; Trump-Huang Relationship; Export Control Easing; DeepSeek/Moonshot/Alibaba Suspected Customers; BIS Understaffed Enforcement; $300M Latest Indictment

Bloomberg investigation: Nvidia's AI chips smuggled to China despite US export controls. Surveillance photo shows woman peeling serial stickers with hair dryer. Expanding crackdown: Singapore mansion seizure, Taiwan...

Read more

Carney Fast-Tracks a C$44 Billion Pacific Pipeline 18 Days Before Alberta Votes on Separation

by Team Lumida
1 day ago
Carney Fast-Tracks a C$44 Billion Pacific Pipeline 18 Days Before Alberta Votes on Separation

The project would move a million barrels a day to Asia, but private capital has not committed beyond Pembina's 10% stake.

Read more

ISM Manufacturing Holds at 54.5 for a Ninth Month of Expansion as Input Prices Reach Their Highest Since May

by Team Lumida
1 day ago
ISM Manufacturing Holds at 54.5 for a Ninth Month of Expansion as Input Prices Reach Their Highest Since May

Growth is concentrated in electrical equipment, primary metals and machinery, the industries supplying the AI infrastructure buildout.

Read more

Laos Eyes Second Junk Dollar Bond; CCC+ Rated; Five-Year Senior Unsecured; MUFG/Seaport Lead Managers; $300M November 2025 First Sale; Refinancing Expensive Debt; IMF Market Access Strategy; EDL-Generation August $300M Power Bond; Oct 5 Investor Meetings

by Team Lumida
2 days ago
Dollar Steadies, Euro and Sterling Vulnerable as Markets Await Fed Decision; Bitcoin Trades at 4-Week Lows

Lao People's Democratic Republic seeking second junk dollar bond issuance. Mandated Mitsubishi UFJ Financial Group (MUFG) + Seaport Global Holdings as joint lead managers. Expected CCC+ rating (S&P...

Read more

10 Reasons Investors Are Driving Government Bond Yields Higher; Bloomberg Analysis; 10-Year Treasury 5.31% (2007 High); 30-Year Yields Risk 6%; Global Bonds -2.7% YTD vs Equities +13%; Hyperscaler Borrowing $400B; Fiscal Deficits $40T US Debt; Defense Spending Record; Japan Carry-Trade Unwind

by Team Lumida
2 days ago
10 Reasons Investors Are Driving Government Bond Yields Higher; Bloomberg Analysis; 10-Year Treasury 5.31% (2007 High); 30-Year Yields Risk 6%; Global Bonds -2.7% YTD vs Equities +13%; Hyperscaler Borrowing $400B; Fiscal Deficits $40T US Debt; Defense Spending Record; Japan Carry-Trade Unwind

Bloomberg analysis: 10 structural drivers of global bond yield selloff. 10-year Treasury 5.31% (highest since mid-2007); >50% survey respondents predict 30-year yields hit 6% EOY. Global bonds -2.7%...

Read more

Global Bond Sell-Off Deepens Oct 1; 10-Year Treasury 5.33% (2002 High); UK 30-Year 6% (First Since 1998), 10-Year 5.49% (2007 High); Japan 3.1% (3-Decade High Proximity); Germany 3.62%; Australia 5.4%; “Vicious Loop” Duration Selling; Brent $97 Down; BoJ Tankan Positive (Confidence for Hikes); Yen Weakens Despite Intervention

by Team Lumida
2 days ago
Global Bond Sell-Off Deepens Oct 1; 10-Year Treasury 5.33% (2002 High); UK 30-Year 6% (First Since 1998), 10-Year 5.49% (2007 High); Japan 3.1% (3-Decade High Proximity); Germany 3.62%; Australia 5.4%; “Vicious Loop” Duration Selling; Brent $97 Down; BoJ Tankan Positive (Confidence for Hikes); Yen Weakens Despite Intervention

Oct 1: 10-year Treasury yields 5.33% (highest since 2002). UK 30-year 6% (first since 1998), 10-year 5.49% (2007 high). Japan 3.1% (near 3-decade high). Germany 3.62%. Australia 5.4%...

Read more

Distillate Stocks Fall to 105.2 Million Barrels, 14% Below Average, as Refinery Runs Drop to 92.5% Without Any Export Ban

by Team Lumida
2 days ago
ECB’s Panetta Warns AI Valuations Vulnerable to Sharp Market Correction; Highlights Labor Productivity Uncertainty and Inflation Transmission Risks

Crude built while every product drew hard, the signature of refiners cutting throughput. That is the outcome an export ban was supposed to cause.

Read more
Next Post
Pentagon–Anthropic Feud Escalates as AI Policy Clash Threatens Defense Contracts

How Anthropic's Mythos Threw the White House AI Strategy Into Chaos

What Is a ‘Compute Tax’ and Why Is the Idea Gaining Traction?

What Is a 'Compute Tax' and Why Is the Idea Gaining Traction?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

family, beach, people

The Untold Power of Family Offices in Modern Investing

May 30, 2024
app, apple, hand

Uber Q2 2024 Earnings Highlights: Strong Growth With Record Profitability

August 7, 2024
U.S. and Japan Strike Trade Deal, Lowering Tariffs and Securing Major Investment

U.S. and Japan Strike Trade Deal, Lowering Tariffs and Securing Major Investment

July 23, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Legacy
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Opinions
    • Investing Philosophy
    • Op-Ed
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Investing Philosophy
  • Latest
  • Legacy
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Op-Ed
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto data centers Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Intel Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018