13,744.64 TRY BIST 100 BIST 100
52.81 EUR EUR EUR
46.51 USD USD USD
6.88 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
97.52 USD Iron Ore Iron Ore
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

U.S. court rules Trump’s 10% global tariffs unlawful

The United States Court of International Trade ruled that U.S. President Donald Trump’s initiative to impose a 10% global tariff on imports was unlawful.

U.S. court rules Trump’s 10% global tariffs unlawful

The three-judge panel ruled that the presidential order signed by Trump to implement the tariffs was “invalid” and that there was no legal basis for the duties imposed on the plaintiff companies. The decision was made by a 2-to-1 vote following a lawsuit filed by a group of small businesses.

Trump had previously attempted to implement a similar tariff measure, but the initiative had been blocked by the Supreme Court of the United States. The latest ruling is being viewed as another legal obstacle faced by the administration in this process.

The court also granted injunctive relief in favor of the State of Washington and the small businesses that filed the lawsuit. The ruling stated that the public interest required the issuance of a permanent injunction.

Meanwhile, it is expected that the Trump administration will appeal the decision, although the White House has not yet made an official statement on the matter.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EUROFER: European steel market faces another challenging year despite modest demand growth

Friday, June 26, 2026

VNSteel decides to sell its 46.85% stake in VTM

Friday, June 26, 2026

Indonesia exports USD 216,000 worth of structural steel to Canada

Friday, June 26, 2026

Vietnam launches review of anti-dumping measures on Chinese H-section steel imports

Friday, June 26, 2026

UK Steel: New steel quotas are a significant step, but concerns remain

Friday, June 26, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now