President Donald Trump's second-term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled, and business leaders sounded alarms about the economic damage they would cause.

A legal battle over tariffs threatens Donald Trump's control over his favourite economic weapon. On Thursday evening, the President of the United States once again criticized lower court judges who ruled against him,

President Trump has a number of options at his disposal to implement tariffs, but none are as broad and aggressive as IEEPA.

A trio of judges at the Manhattan-based trade court ruled that Trump’s use of emergency law to impose the tariffs was not legal. The ruling stated the power to regulate trade and commerce lay with Congress and that simply being President did not grant him power to supersede in the name of national security, which Trump had claimed.

A federal court in New York handed President Donald Trump a big setback Wednesday, blocking his audacious plan to impose massive taxes on imports from almost every country in the world