European stocks and Wall Street futures rose on Thursday after a U.S. federal court blocked President Donald Trump’s so-called “Liberation Day” tariffs from going into effect, sending the dollar up on safe-haven currencies.
The little-known Manhattan-based Court of International Trade ruled that Trump overstepped his authority by imposing his April 2 across-the-board duties on imports from U.S. trading partners.
The White House quickly appealed the decision, and could take it
