US federal court rules Trump's 10% global import tariff exceeds authority, legal battles continue.

A federal trade court ruled that President Trump's 10% tariff on most global imports exceeds his legal authority, though the tariff remains in place pending appeal. This ruling adds to ongoing uncertainty for businesses and consumers amid the trade war. The administration is also refunding $166 billion collected from previously struck-down tariffs, while other tariffs on cars and steel remain but may change. Trump plans to continue adjusting tariffs using different legal approaches despite court setbacks.