NPR says that World financial markets welcome court ruling against Trump's tariffs | Ricardo Baeza Errazuriz
A U.S. federal court has ruled that President Donald Trump exceeded his authority by imposing sweeping tariffs under the International Emergency Economic Powers Act (IEEPA). The court determined that the IEEPA does not authorize the use of tariffs, effectively blocking many of the administration's recent tariff orders. The White House has appealed the decision, and it remains uncertain whether the administration will comply with the ruling in the interim. ( Reuters , NPR ) The court's decision has had a positive impact on global financial markets. U.S. futures rose early Thursday, with the S&P 500 up 1.5% and the Dow Jones Industrial Average gaining 1.2%. Oil prices increased by more than $1, and the U.S. dollar strengthened against the yen and euro. In Europe, Germany's DAX gained 0.5%, France's CAC 40 jumped 0.9%, and Britain's FTSE remained nearly unchanged. Japan's Nikkei 225 index surged 1.9%, reflecting investor optimism following the court's ruli...