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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

1 September 2025 07:14  |

US appeals court rules Trump's global tariffs are largely illegal

On Friday, the US Court of Appeals for the Federal Circuit upheld a ruling that the sweeping tariffs the US President Donald Trump unilaterally imposed on most other countries were illegal, CNN reported.

The decision impacts Trump's so-called "reciprocal" tariffs on most nations around the world, as well as additional levies placed on China, Mexico, and Canada. In a 7-4 decision, a Federal Appeals Court rejected Trump's argument that the tariffs  were authorized by an emergency economic powers legislation, declaring them "invalid as contrary to law."

Market reaction

At the time of press, the US Dollar Index (DXY) was up 0.07% on the day at 97.85.

Source: FXstreet

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