In a groundbreaking decision, a federal court has ruled against President Trump's controversial tariffs, sending shockwaves through the stock market. The court's decision comes after relentless pressure from Australia, urging the US to drop the tariffs that have been at the center of a trade dispute between the two countries.

Trade Minister Sarah Andrews stated, "We will continue to push the US to lift these tariffs, which are harmful to both countries' economies." The ruling is a significant blow to the Trump administration's trade policies, which have faced widespread criticism for their impact on global markets.

As news of the court ruling spread, stock market futures plummeted, with investors bracing for a turbulent day of trading ahead. The Dow Jones Industrial Average is expected to be particularly impacted by the decision, as uncertainty over the future of US trade policy looms large.

The ruling against Trump's tariffs marks a pivotal moment in the ongoing debate over trade policy, with implications that could reverberate throughout the global economy.