A panel of judges for the Court of International Trade ruled 2-1 that Trump couldn't use the 1974 Trade Act to impose his 10% levy.

Trump sought to impose 10% global tariffs after the Supreme Court shot down his initial sweeping tariff policy earlier this year.

President Donald Trump’s 10% across-the-board tariffs are in jeopardy after a federal court ruled them illegal on Thursday, dealing a second major blow this year to the…