A U.S. trade court has blocked Donald Trump's sweeping global tariffs, saying the president overstepped his authority with the measure.
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00:00Donald Trump's Liberation Day tariffs are on hold after a federal court blocked the U.S. president's sweeping global trade measures from going into effect.
00:09The U.S. Court of International Trade in New York ruled that the president overstepped his authority on the tariffs.
00:15It says he cannot use emergency powers to impose across-the-board duties on imports from nations that sell more to the U.S. than they buy.
00:23The ruling follows several lawsuits, arguing that the president left U.S. trade policy subject to his whims and that he unleashed economic chaos.
00:31The Trump administration plans to appeal this decision.