💨 Abstract

A federal court has blocked President Trump from imposing broad tariffs under the International Emergency Economic Powers Act, deeming it unauthorized. This ruling has prompted a surge in Asian shares and U.S. futures. The decision casts doubt on U.S. trade policies, affecting global financial markets and trade partners. The Trump administration has appealed the decision, and many of its tariffs are paused for 90 days for trade negotiations, introducing business uncertainty and consumer caution.

Courtesy: WTOP Staff