US trade court blocks Trump’s ‘Liberation Day’ tariffs

A United States federal court on Wednesday (May 28) blocked most of President Donald Trump’s sweeping “Liberation Day” tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies.

The opinion marks a significant setback to the Republican leader as he bids to redraw the US trading relationship with the world by forcing governments to the negotiating table through tough new tariffs.

Since coming to power, Trump has upended global trade and roiled financial markets with a stop-start rollout of levies that are aimed at punishing economies that sell more to the US than they buy.

Here are the latest developments: