💨 Abstract

A U.S. federal court blocked most of President Donald Trump's tariffs, boosting markets. The court ruled that Trump overstepped his authority, barring many duties he imposed. The White House appealed, arguing that "unelected judges" shouldn't intervene. The ruling complicates ongoing trade negotiations and may affect deals already agreed upon. The court's decision was based on two cases arguing that Trump violated Congress's power.

Courtesy: AFP