Overview
- The U.S. Court of International Trade on Thursday struck down President Trump's 10% import surcharge, which replaced tariffs the Supreme Court voided in February.
- The court said the administration could not use a 1974 law to justify the levy, ruling 2–1 and ordering refunds with interest for the three companies that sued.
- Trump, after a call with European Commission President Ursula von der Leyen, gave the EU until July 4 to apply the pact and postponed planned 25% tariffs on European cars to that date.
- The Turnberry deal would drop most EU duties on U.S. goods in exchange for U.S. caps near 15% on some tariffs, according to summaries cited by European and U.S. officials.
- EU officials say talks between member states and the European Parliament have advanced but are not finished, with another three-way negotiating session set for May 19.