Trade

Trump Trade Strategy Roiled by Court Blocking Global Tariffs

WATCH: Bill Faries reports on the latest tariffs news, including the US court ruling and Trump’s reaction to the TACO trade.Source: Bloomberg

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By Shawn Donnan, Erik Larson, and Laura Curtis

May 29, 2025 at 7:08 AM UTC

Updated on

May 29, 2025 at 11:08 AM UTC

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President Donald Trump’s tariff strategy has been thrown into turmoil after a US court issued a rare rebuke blocking many of the import taxes he has threatened and imposed on other countries.