Markets Cheer As Federal Court Strikes Down Trump’s Global Tariffs In Unanimous Ruling

President Donald Trump has been dealt a major legal setback after a U.S. federal court unanimously ruled that his sweeping global tariffs were illegal. The decision halts several key import duties imposed under emergency powers, including those targeting China and Mexico, as well as a universal 10% tariff on most goods. While the ruling excludes metal tariffs applied under a different statute, it undermines Trump’s broader trade strategy. The court gave a 10-day window to finalize an injunction, but Trump’s administration immediately appealed, potentially sending the case to the Supreme Court. Markets responded positively to the ruling, with stock futures surging as investors anticipated a rollback of the controversial trade restrictions.#trump #donaldtrump #trumptariff #uscourt #uspresident