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US court reviews legal challenge to Trump's global tariffs under Section 301

Market News
30 Sep 2026
CNBC
View Source
Bearish
US court reviews legal challenge to Trump's global tariffs under Section 301

A federal trade court in New York is hearing challenges to President Trump's Section 301 tariffs, which impose duties on imports from 86 countries. These tariffs were introduced after the Supreme Court struck down his previous global tariffs, and critics argue the new tariffs are a disguised attempt to reinstate the old ones. The administration claims the tariffs target goods made with forced labor, but opponents say this is a pretext. The case highlights ongoing legal battles over the scope of presidential trade powers and could impact US trade policy going forward.

The latest global tariffs under President Trump face a trade court challenge. For readers following Industrials-sector US stocks, here is Pluang's market snapshot as of Sep 30, 2026 20:03 WIB: Of 93 priced stocks, 75 rose and 15 fell. TRMD rose 4.65% to USD 37.83 with 100% sell orders, contrasting with NOC which fell 4.48% to USD 482.00 and had a typical hold time of 80 days. FTAI gained 3.01% to USD 174.01 with a hold time of 21 days.

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