US trade court blocks tariffs in major setback for Trump

Free Malaysia Today

The president’s global trade war has roiled financial markets with a stop-start rollout of levies.  Read More:  https://www.freemalaysiatoday.com/category/highlight/2025/05/29/us-trade-court-blocks-tariffs-in-major-setback-for-trump  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #DonaldTrump #USTariffs

Transcript

00:01A US federal court blocked most of Donald Trump's sweeping import tariffs from going

00:06into effect, ruling that the president had overstepped his authority with the across-the-board

00:11global levies.

00:13The decision deals a major blow to Trump's efforts to reshape the US's trading relationship

00:18with the world by forcing governments to the negotiating table through tough new tariffs.

00:24Trump's global trade war has roiled financial markets with a stop-start rollout of levies

00:29aimed at penalizing countries with large trade surpluses with the US.

00:34Trump argued that the resulting trade deficits and the threat posed by the influx of drugs

00:39constituted a national emergency that justified widespread tariffs.

00:44However, the three-judge Court of International Trade effectively called a ceasefire barring

00:50most of the restrictions that the president has announced.

00:54On April 2nd, Trump unveiled sweeping import duties on most trading partners at a baseline

00:591.10%, with steeper levies on dozens of economies, including China and the European Union.

01:06The ruling also quashes duties that Trump imposed on Canada, Mexico and China separately using

01:11emergency powers.

01:12Natasha Bust, FMT.

01:16Afghanistan and India demant Analysis.

01:212.

01:22A

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