---
title: LIBERATION DAY TARIFFS - GONE.
description: "Any “national emergency” blanket tariffs - GONE. \nDow futures are up 500 points 🚀 \n\nPresident Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of the Republican’s economic agenda.\n\n👉 A federal trade court struck down President Donald Trump’s worldwide reciprocal tariffs and ordered the administration to stop collecting them.\n👉 A three-judge panel on the Court of International Trade said Trump exceeded “any authority granted” by the International Emergency Economic Powers Act in imposing the import levies.\n👉 In halting tariffs Trump ordered on Canada, Mexico, and China to combat drug trafficking, the judges said they “fail because they do not deal with the threats set forth in those orders.”\n👉 The government immediately appealed the ruling to the U.S. Court of Appeals for the Federal Circuit."
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [LIBERATION DAY TARIFFS - GONE.](https://blog.syzgroup.com/syz-the-moment/liberation-day-tariffs-gone)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 29, 2025, 10:59:46 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/liberation-day-tariffs-gone)

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