Trading partners of the United States are facing a fresh period of uncertainty after a US federal appeals court ruled President Donald Trump’s “reciprocal” tariffs were illegal.
In a 7-4 majority, the judges ruled Trump had exceeded his power by invoking emergency powers to impose tariffs of “unlimited duration on nearly all goods from nearly every country in the world”, upholding an earlier court decision.
The ruling will throw into disarray the strategies of trading partners still in negotiations with the US, who may decide to wait and see the outcome of the legal battle.
