US court blocks Trump’s tariffs: What does it mean for global trade, markets?

US court blocks Trump’s tariffs: What does it mean for global trade, markets?

A federal court has struck down US President Trump’s sweeping 2025 tariff plan, ruling it an overreach of executive power under emergency laws. The decision has rattled global markets, lifted the dollar and sent commodity prices swinging. The Trump administration has already filed an appeal

US Dollar banknotes are seen in this illustration taken July 17, 2022. Representational Image/Reuters