<ul><li>A major portion of US President Donald Trump's global tariffs has been declared illegal and blocked by the US Court of International Trade.</li><li>The decision, made by a panel of three judges in Manhattan, represents a major setback for Trump's economic policies.</li><li>The court sided with Democratic-led states and small businesses, who argued that Trump had improperly used an emergency law to justify the tariffs.</li><li>Following this decision, US stock futures jumped and the dollar strengthened.</li></ul>

Breaking News Live: Global Market React To US Court Blocking Trump's Tariffs; Deems Them Illegal

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