### Federal Court Rules Against Trump's Global Tariffs

In a significant setback to a cornerstone of former President Donald Trump's economic strategy, a U.S. federal court has ruled that Trump exceeded his authority by imposing global tariffs. The Court of International Trade decided that an emergency law cited by the White House does not authorize the president to unilaterally apply tariffs broadly across nearly all countries. The court, based in Manhattan, emphasized that the United States Constitution assigns Congress the exclusive power to regulate commerce with other nations, a responsibility not overridden by the president's duty to safeguard the economy.

The Trump administration quickly responded to the ruling by filing an appeal. "It is not for unelected judges to decide how to properly address a national emergency," White House deputy press secretary Kush Desai stated, adding that the administration remains committed to leveraging executive power to address economic challenges and enhance American prosperity.

The legal challenge, spearheaded by the nonpartisan Liberty Justice Center on behalf of five small businesses affected by the tariffs, marks the first substantial confrontation against Trump's so-called "Liberation Day" tariffs. This case is one among seven ongoing legal disputes against the administration's trade policies, including actions taken by 13 U.S. states and various small business groups.

The three-judge panel concluded that the International Emergency Economic Powers Act (IEEPA), a law enacted in 1977 and referenced by Trump to justify the tariffs, does not grant the president authority to impose such extensive duties. "The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs. The Trafficking Tariffs fail because they do not deal with the threats set forth in those orders," the judges wrote.

Following the announcement of these sweeping tariffs on April 2, global financial markets experienced significant volatility, partially due to some measures being reversed or modified as the White House engaged in negotiations with foreign governments. Trump's initial deadline for implementing the tariffs was extended after discussions with EU chief Ursula von der Leyen, who indicated that the European bloc required additional time to secure a favorable deal.

The proposed tariffs have sparked dissatisfaction among wine producers in both France and the United States. European trade chief Maros Sefcovic noted that the EU is prepared to defend its interests following Trump's threat to impose 50% tariffs on European goods, a move the president aims to enforce by June 1. This escalating trade tension sets the stage for potential instability in the coming weeks, especially as leaders prepare for a critical G7 summit in Canada next month.