#Tariffs #DonaldTrump

Trump’s ‘Liberation Day’ tariffs blocked by U.S. trade court.

A U.S. trade court has blocked President Trump’s “Liberation Day” tariffs. In its May 28 ruling, the court stated that the president exceeded his authority by imposing sweeping global tariffs.

Lawsuits from small businesses (represented by the Liberty Justice Center) and a coalition of U.S. states challenged the tariffs. The court agreed, citing Congress’s sole power over foreign commerce.

How might this impact the markets?