Watch live coverage as markets react after a federal three-judge panel on Wednesday ruled against several of President Donald Trump’s tariffs on international trading partners, ruling that he had exceeded his authority. The ruling blocks most of the tariffs Trump has rolled out so far in his second term, including the 10% rate applied to most trading partners and those on China. It also includes fentanyl-related levies on Canada and Mexico. For now, the judges’ decision appears to have allayed investors’ worries. However, this development can also raise concerns that U.S. trade negotiations with foreign countries could be drawn out into later in the year than previously anticipated. The Trump administration quickly moved to appeal in the US Court of Appeals for the Federal Circuit.
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LIVE: U.S. markets react after Federal court blocks several Trump tariffs