US stock futures edged lower as Wall Street absorbed a fresh wave of tariff uncertainty after a federal appeals court reinstated President Trump's global tariffs.

The president's signature import taxes win a legal reprieve, as the White House rails against "activist judges".

A federal appeals court is allowing Trump’s tariffs to stay in place, issuing a stay of a U.S. court ruling yesterday that blocked several of the tariffs from going into effect. The U.S. Court of International Trade ruled yesterday that he had exceeded his authority in imposing the tariffs on U.S. trading partners.

Good morning. Donald Trump’s tariffs remain in place for now. UK business confidence jumps in May. And read all about cask-strength whiskey in our latest edition of Top Shelf. Listen to the day’s top stories.

The U.S. Court of International Trade blocked Trump's 10% tariff assessed on nearly every U.S. trading partner and duties on imports from Mexico, Canada and China.

President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.

For decades, Trump has been convinced that trade tariffs are the answer to many of America's economic problems. He has appeared to welcome the prospect of global trade war sparked by his tariff agenda, insisting that it is by raising the price of imported goods and reviving the US manufacturing sector that he will "Make America Great Again".

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.

Asian shares are trading mostly lower, as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs.

The administration had made immediate appeals to allow the U.S. to keep imposing stiff levies, and said the Supreme Court needed to intervene.

Computer chipmaker Nvidia's blockbuster quarterly earnings are boosting investor confidence in the AI revolution and the tech sector at large.

A concrete tariff would still be a tax — but the surety of it could be better for markets and economies globally in the long run.