Trump Tariffs Blocked: Global Markets React to US Court Ruling

A US court has temporarily blocked reciprocal tariffs imposed by the Trump administration, creating uncertainty in global markets. The ruling, which is subject to appeal, stems from a legal challenge to the tariffs. The Trump administration is expected to pursue the appeal, potentially leading to a protracted legal battle. The uncertainty surrounding the tariffs has left markets on edge, with businesses anxiously awaiting the final outcome. Meanwhile, other news highlights Elon Musk's confirmed departure from the Trump administration and the ongoing wildfires in Canada that have led to significant evacuations. The situation underscores the complexity of international trade relations and the potential for unexpected legal challenges to disrupt established policies.