Stock markets rise in Asia and Europe after Trump tariffs blocked by US court – business live

News Snapshot:

02.09 EDT Introduction: Trump tariffs blocked by US court in New York Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. A federal court in the US has blocked Donald Trump from imposing sweeping trade tariffs under an emergency powers law. A three-judge panel at the court of international trade argued that Trump has exceeded his authority, left US trade policy dependent on his whims and unleashed economic chaos. The court wrote: The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means...