Court Blocks Trump's Law Firm Sanctions, Tariffs

A federal court has issued major rulings against former President Donald Trump, blocking both his attempts to penalize major law firms and his sweeping global tariff strategy. The US Court of International Trade unanimously halted Trump's 'Liberation Day' tariffs, finding he exceeded his authority by imposing broad import taxes without sufficient legal basis. Separately, U.S. District Judge Richard Leon struck down Trump's executive order targeting WilmerHale as unconstitutional and a threat to democratic principles. The judge highlighted a pattern of Trump targeting law firms connected to opposition causes or individuals. These rulings reflect a broader judicial pushback against executive overreach and have been welcomed by legal advocates. Financial markets responded with minor gains in crypto assets amid perceptions of reduced regulatory risk.