US court blocks most of Trump's tariffs, boosting market sentiment

A US trade court has blocked a large number of President Donald Trump's tariffs, ruling that the US constitution gives Congress the exclusive authority to regulate commerce with other countries. The Trump administration has filed a notice of appeal, but now has 10 days to issue new orders which reflect the court's decision. Equity markets in Asia saw their shares rise on the back of the announcement.

May 29, 2025 - 08:01
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US court blocks most of Trump's tariffs, boosting market sentiment
A US trade court has blocked a large number of President Donald Trump's tariffs, ruling that the US constitution gives Congress the exclusive authority to regulate commerce with other countries. The Trump administration has filed a notice of appeal, but now has 10 days to issue new orders which reflect the court's decision. Equity markets in Asia saw their shares rise on the back of the announcement.
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