A federal court has ruled that former President Donald Trump's controversial tariffs implemented on "Liberation Day" are illegal and must be struck down. The court's decision comes as a major blow to Trump's trade policies, which have been heavily criticized for their impact on the economy.

The ruling, which was delivered after a lengthy legal battle, has significant implications for the future of trade relations in the United States. Market analysts are closely watching to see what this decision means for both domestic and international markets.

Trump's tariffs have been a point of contention since they were first implemented, with critics arguing that they have hurt American businesses and consumers. The court's decision is a victory for those who have been pushing back against the former president's protectionist trade policies.

As the country grapples with the fallout from the court's ruling, experts are beginning to speculate on what the future of U.S. trade policy will look like. With Trump's tariffs now officially deemed illegal, the Biden administration will be tasked with reevaluating the nation's trade relationships moving forward.