From Bloomberg Markets and Finance.

President Donald Trump’s 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration’s economic agenda, just months after the US Supreme Court vacated earlier levies he’d imposed. Burlap and Barrel is a small spice importer and it’s one of the plaintiffs that sued to get this result. Co-founders and Co-CEOs, Ethan Frisch and Ori Zohar and Liberty Justice Center Chairman & CEO Sara Albrecht join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

A divided three-judge panel at the US Court of International Trade in Manhattan on Thursday granted a request by a group of small businesses and two dozen mostly Democrat-led states to find the tariffs invalid. Trump imposed the 10% duties in February under Section 122 of the Trade Act of 1974, which had never previously been invoked.

The Justice Department notified the trade court on Friday that it is appealing the decision to the US Court of Appeals for the Federal Circuit, which ruled against the Trump administration during the last tariff fight.
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