The U.S. Court of International Trade issued an Opinion and Order on 7 May 2026, finding that President Trump does not have authority to introduce a global (worldwide) tariff of 10% under section 122 of the Trade Act of 1974, which has already been appealed. President Trump had announced the new 10% tariff in February 2026, right after the Supreme Court found that he did not have the authority to impose his previous broad tariffs under the International Emergency Economic Powers Act of 1977 …