Trump's Tariffs Blocked: Court Ruling and Market Reaction

A US court's decision to block former President Trump's tariffs has sent ripples through the financial world. The ruling, which cited Congress's exclusive power to regulate trade under the US Constitution, was swiftly met with an appeal by the Trump administration. The initial decision saw a surge in the dollar against the euro and yen, while gold prices dipped. 'This is a clear overreach of executive power,' stated a legal expert interviewed on the matter. The administration's appeal, however, introduces uncertainty into the market. The outcome of this legal battle will significantly impact international trade relations and global markets. The swift appeal highlights the ongoing political tensions surrounding trade policy and the separation of powers within the US government.