Thursday SITREP: Asia and Oceania Focus
Trump Tariffs Blocked, Iran Strike ‘On Hold’ Andrew Sheves Good morning. ✋** Trump Tariffs Blocked** A US trade court ruled President Trump’s global tariffs illegal and blocked their implementation, delivering a major blow to a cornerstone of his economic agenda. The three-judge panel sided with Democratic states and small businesses who argued Trump wrongfully invoked emergency powers to justify the levies, marking one of his biggest legal setbacks amid widespread challenges to his executive orders. Global markets have fluctuated wildly since the tariffs were announced April 2, with trillions in market value lost and regained amid delays and potential trade deal announcements. More - Bloomberg ...