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A U.S. trade court has blocked most of President Donald Trump’s sweeping tariffs, ruling they exceed his legal authority. Markets reacted immediately to the decision.

In a significant development for global trade, the United States and China have agreed to a 90-day suspension of additional tariffs imposed on each other’s imports.

In response to fervent protests from European farmers amid the implementation of the Green Deal, the EU is set to levy tariffs on grain imports from Russia and Belarus.