What happens to Trump's tariffs post court's ruling?

Refunding import taxes may prove a blow to US Treasury

- ASSOCIATED PRESS

PRESIDENT DONALD TRUMP has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.

Now a federal appeals court has thrown a roadblock in his path. The ruling was a big setback for Trump, whose erratic trade policies have rocked financial markets, paralyzed businesses with uncertainty and raised fears of higher prices and slower economic growth.