The U.S. Court of International Trade on May 7 struck down President Donald Trump’s 10-percent global tariffs under the Trade Act of 1974. The court ruled 2–1 in favor of small businesses that contested the tariffs, which had taken effect on Feb. 24. A dissenting judge said it was premature to rule on the dispute. Small businesses had argued that the tariffs were the Trump administration’s attempt to sidestep a U.S. Supreme Court ruling that struck down Trump’s tariffs levied under the International Emergency Economic Powers Act. Reuters contributed to this report. This is a developing story and will be updated....