A cloud hangs over the global economy, experts have warned, after a bombshell court ruling blocked Donald Trump’s tariffs, creating more “confusion and uncertainty”.Financial markets reacted positively to the unanimous ruling by three judges,

The Administration has filed an appeal after it was dealt a major blow that would invalidate most of its global tariffs.

The White House called for the Supreme Court to overturn judicial rulings blocking most of the tariffs Trump has imposed to negotiate trade agreements.

The Wednesday court decision blocking President Trump’s emergency tariff powers could give companies the option of getting a refund on duties they’ve paid, but it adds another layer of

"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."

The CIT ruled the Executive Orders enacting the tariffs are declared to be invalid as they exceed the authority of the president to regulate importation by means of tariffs.

On May 28, a U.S. federal trade court issued a decision with a monumental impact on global economies. In a landmark decision, the

Officials from the European Union and the United States will start a new negotiating push, after President Trump delayed until July 9 tariffs of 50 percent.

National Economic Council Director Kevin Hassett argues tariff legalities won't quell three potentially finalized trade deals that are awaiting President Trump's signature.