A US federal appeals court ruled that most of Donald Trump's tariffs were an overreach of his emergency powers, declaring them illegal under the law, with the decision potentially impacting US trade policies and markets, and setting the stage for a Supreme Court challenge.
A US appeals court ruled that most of Trump's tariffs are illegal, stating they exceed presidential authority and belong to Congress, potentially leading to a Supreme Court case that could impact US trade policy.
A U.S. appeals court ruled that most of President Trump's tariffs are illegal, particularly those imposed in April and on China, Canada, and Mexico citing emergency powers, but has delayed enforcement pending potential Supreme Court appeal.