Federal Court Halts Trump’s Tariffs, Impacting Crypto Markets

In a significant legal development, a federal court has blocked President Donald Trump from imposing tariffs he had enacted under emergency powers legislation. The ruling casts doubt on his signature economic policies that have significantly impacted international financial markets and raised concerns about inflation. This decision by the U.S. Court of International Trade halts Trump’s expansive tariffs on imports from China, Canada, and Mexico, as well as his 10% universal tariff on goods entering the US.