US trade court strikes down tariffs

- A federal U.S. trade court ruled President Trump's new 10% global tariffs illegal, issuing a narrow block that applies only to the importers who sued. - This is the second round of Trump's tariffs to be struck down after earlier levies were vacated, and a tariff refund portal has been opened for affected importers. - The ruling increases policy instability and makes procurement teams more cautious about sourcing and network decisions amid ongoing tariff threats. (reuters.com) (finance.yahoo.com)