Trump’s 10% global tariff ruled illegal by US court ⊖
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a story from Financial Times ✅ › Financial Times
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2026 › May › 07
US
55 days ago
US Court of International Trade says levies applied under Section 122 of trade act are ‘unauthorized by law’
US trade court rules Trump’s replacement tariffs illegal ⊖
A divided three-judge panel on the U.S. Court of International Trade concluded that Trump’s 10 percent global tariffs are unlawful.
Trump extends EU trade deal deadline while issuing fresh threa ○
The US president says he will hit the bloc with ‘much higher’ tariffs if it does not implement agreement by July 4
U.S. and Iran trade fire in Strait of Hormuz; each claims other shot first ⊖
CENTCOM's statement does not mention the status of the U.S.-Iran ceasefire, which has already been frayed by repeated claims that its terms are being breached.
Exeter Chiefs members vote in favour of sale to AFC Bournemouth’s American owners ⊕⊕
Bill Foley’s Cannae Holdings Inc expected to complete deal
Billionaire Foley to provide ‘significant’ investment
Exeter’s members have voted in favour of selling the club to the American owners of AFC …
LIV Golf and Bryson DeChambeau tee off new era but cannot escape Saudi shadow ⊕
US star is still on rebel tour but the desired focus on teams is not something that is catching on with supporters
Moments before Bryson DeChambeau teed off to open LIV Golf’s first American tournamen…
US trade court rules against Trump’s 10% global tariffs ⊕
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a story from The Guardian ⚠️ › International
Trump also issues new deadline for EU to implement trade deal terms before raising tariffs to ‘much higher levels’
The US trade court on Thursday ruled against Donald Trump’s latest 10% global tariffs…
Iran says it attacked US Navy ships after they targeted Iranian tanker ○
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a story from Al Jazeera 🚨 › Al Jazeera English
Tehran says it cause 'significant damage' to US military vessels, promising a 'crushing response to any aggression'.
US trade court rules against Trump’s 10 percent global tariffs ⊕
The court ruled in favour of small businesses that challenged the tariffs that took place in February.
Can Europe close the AI gap with the US and China? ⊕
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a story from Financial Times ✅ › Financial Times
Also in today’s newsletter: a new company seeks to tackle the power constraints on European data centre growth