In a significant legal setback, a federal court has blocked President Trump's tariffs, ruling they exceed his authority under the IEEPA. The U.S. Court of International Trade halted the 10% tariffs on various countries, requiring congressional approval. The Trump administration plans to appeal, while stock futures remain stable as investors await inflation data. Trump has accused China of 'totally violating' a recent trade agreement, raising concerns about a renewed trade war. U.S. stocks fell slightly following these comments, reflecting market uncertainty amid ongoing legal battles over tariffs and trade negotiations.