President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.

After a bombshell ruling last night found Trump’s imposition of tariffs illegal, a second federal court issued a major ruling against his tariff authority — a move that could have serious ramifications for the administration’s trade agenda and efforts to strike new deals with dozens of countries,

President Trump claims tariffs will make the U.S. rich. A coalition of states and small businesses argued the opposite in court and dealt a blow to his trade war.

Asian shares are trading mostly lower, as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs

European shares eased on Thursday as initial relief that a U.S. trade court had blocked some of President Donald Trump's tariffs fizzled out. The continent-wide STOXX 600 index closed 0.2% lower. The Court of International Trade ruled that Trump overstepped his authority by imposing across-the-board duties on imports from U.