Wall Street slides after surprise tariff comeback
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
A federal appeals court on Thursday granted the Trump administration’s request to temporarily reinstate most of Donald Trump’s sweeping tariffs, pausing a lower court ruling that had struck them down.
The U.S. Court of Appeals for the Federal Circuit sided with the administration while the legal appeal plays out, allowing the tariffs to remain in effect for now. Trump officials had warned they would seek emergency relief from the Supreme Court as early as Friday if the ruling wasn't put on hold.
White House trade adviser Peter Navarro said the administration will keep pushing tariffs, even if courts rule against them. He stressed that losing legal battles won’t stop the government from using other methods to maintain trade protections and defend U.S. interests.
Previously, the U.S. Court of International Trade ruled that Donald Trump had overstepped his authority by imposing some of the most sweeping tariffs in U.S. history, effectively blocking them. Senior Trump officials dismissed the decision as a temporary setback, expressing confidence it would be reversed on appeal. They also suggested the administration had other legal tools to keep major parts of the tariff plan in place during the ongoing court battle.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
Trump’s crackdown on elite U.S. universities is pushing students—and billions in academic revenue—toward global competitors.
As public health concerns over tobacco use persist, countries across Europe are tightening regulations on smoking, particularly in public spaces. France’s announcement of a new outdoor smoking ban highlights a growing continental trend toward stricter anti-smoking measures.
Ukraine on Friday withheld its confirmation of participation in the next round of peace talks with Russia, scheduled for June 2 in Istanbul, stating it first requires a detailed proposal from Moscow outlining its conditions for a potential truce or peace deal.
French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
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