In a landmark decision, a federal court has ruled against President Trump's attempt to impose sweeping tariffs on various goods, citing violations of international trade laws and the International Emergency Economic Powers Act. The court's decision has sent shockwaves through the business community and has raised questions about the future of U.S. trade policy.

This ruling comes after months of legal battles and uncertainty surrounding the Trump administration's aggressive trade policies. Stocks surged following the court's decision, with investors hopeful for a more stable trading environment in the coming months.

While the court's decision represents a win for those concerned about the negative effects of tariffs on the economy, there is still uncertainty surrounding the future. A federal appeals court has temporarily reinstated Trump's tariffs, further complicating the situation.

As various sectors brace for potential tariffs in the near future, the impact on industries such as pharmaceuticals and technology remains unclear. The court's decision has left many wondering about the long-term implications for international trade and the U.S. economy.