India, Sept. 1 -- European stocks look set to open broadly higher on Monday, with trading volumes likely to remain thin due to the long Labour Day weekend in the United States.
A U.S. federal appeals court has delivered a stunning legal blow to President Donald Trump's trade policy, ruling that the majority of his sweeping tariffs were illegal and that the president overstepped his authority in imposing a series of tariffs -- including duties on China, Mexico, and Canada-under the International Emergency Economic Powers Act.
As Trump runs into legal challenges to his tariff policies, analysts say that the ruling could lead trading partners to drag their feet on negotiations with the White House.
For now, the duties remain in place until ...