The court also blocked a separate set of levies the Trump administration imposed on China, Mexico and Canada, in response to what it said was the unacceptable flow of drugs and illegal immigrants int...

A federal court in New York handed President Donald Trump a big setback Wednesday, blocking his audacious plan to impose massive taxes on imports from almost every country in the world.

The ruling also strikes down separate tariffs Trump imposed on China, Canada, and Mexico, which the administration justified as a reaction to fentanyl trafficking.

Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union. The S&P 500 leaped 2% in its first trading since Trump said Sunday that the United States will delay a 50% tariff on goods coming from the European Union until July 9 from June 1.

The Shanghai Futures Exchange (ShFE) released draft proposals on Tuesday to open up domestic futures trading to overseas investors for a wide range of commodities as part of an effort to help internat...