Trump’s Tariffs Blocked: U.S. Court Resets Global Trade Policies

A landmark legal ruling has halted President Trump’s ‘Liberation Day’ tariffs, impacting global trade and market stability. The U.S. Court of International Trade ruled against the expansive tariffs, citing their overreach under the International Emergency Economic Powers Act (IEEPA). This decision effectively invalidates most tariffs imposed since Trump’s presidency began, potentially stabilizing global markets and reshaping international trade practices.