#TrumpTariffs 🌍 **Update on Trump’s Tariffs: Legal Blow & Rising Costs Ahead**

** Legal Ruling:**

A U.S. federal appeals court has struck down most of Trump’s sweeping tariffs as **illegal**, ruling the president overstepped his authority under emergency powers. These tariffs will stay in effect temporarily—until October 14—giving the administration time to appeal.

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** Why This Matters:**

- Businesses remain **in limbo**, unsure how to price imports—especially goods hit with 10–50% duties on items ranging from copper to electronics.

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- Major economic bodies forecast rising **consumer prices**, a tougher holiday season, and an added **$1,300+ annual burden per household**.

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- Global trade tension ramps up: **India faces 50% tariffs**, risking retaliation; meanwhile, markets flash volatility and global growth projections fall.

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