The US Court of International Trade on Wednesday struck down President Donald Trump's tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). The court ruled IEEPA did not give the president the authority to impose certain tariffs.

The administration had made immediate appeals to allow the U.S. to keep imposing stiff levies, and said the Supreme Court needed to intervene.

These include the "fentanyl tariffs," Trump imposed at the outset of his second term, the "reciprocal tariffs" he announced on April 9 (which so far have extended only to China), and the de minimis tariffs on low-cost imports from China.

The president's signature import taxes win a legal reprieve, as the White House rails against "activist judges".

The Trump-Vance campaign rode to victory in part on its vow to undertake the largest deportation push in American history. The Trump administration has since expanded the range of people who can be targeted for removal, sped up the deportation process for others and, in some cases, tightened the rules for legal immigrants.

Stocks closed higher on Thursday after a panel of federal judges blocked President Donald Trump from slapping some of his far-reaching tariffs on China and other major U.S. trading partners. A federal appeals court moved to temporarily reinstate the tariffs on Thursday afternoon,

The trade court noted that Trump retains more limited power to impose tariffs to address trade deficits under another statute, the Trade Act of 1974. But that law restricts tariffs to 15% and only for 150 days with countries with which the United States runs big trade deficits.

The flurry of punitive measures taken against China by the Trump administration over the last few days was prompted by a belief among US officials that China has failed to live up to commitments it made in trade talks earlier this month,

Two courtroom defeats dealt a blow to President Donald Trump’s strategy, even as an appeals court reinstated existing tariffs.