U.S. Tariffs Face Legal Setback After Court Ruling

A US federal appeals court ruled that President Trump's global tariffs were implemented illegally under an emergency law, creating uncertainty in international trade and potentially impacting US trade deals and relations with countries like China, India, and Mexico. The ruling challenges the legality of the tariffs, which were justified by emergency claims related to trade deficits and the fentanyl crisis, and could lead to refunds and policy shifts.