Tariffs and free trade have been hot topics in media since the beginning of this year, leading to a rollercoaster of highs and lows in the financial markets and wider economy. Recently, a federal court ruled against the president’s tariff policies, deeming them illegal under the International Emergency Economic Powers Act of 1977. This ruling sends shockwaves through the economic landscape, raising crucial questions about trade policy’s role in shaping market trajectories. Investors must stay informed as these developments unfold.