4:44am ET

«Financial markets welcomed a U.S. court ruling that blocks President #Trump from imposing sweeping #tariffs on imports under an emergency-powers law

U.S. futures jumped early Thursday and #oil prices rose more than $1. The U.S. #dollar rose against the #yen and #euro

The court found the 1977 #InternationalEmergencyEconomicPowersAct, which Trump has cited as his basis for ordering massive increases in #ImportDuties, does not authorize the use of tariffs»

https://www.npr.org/2025/05/29/nx-s1-5415117/world-financial-markets-court-trump-tariffs