President Trump's tariffs announced in April faced a setback when the Court of International Trade ruled they exceeded his authority, blocking most tariff measures. However, buoyed by Nvidia's strong quarterly report, U.S. stock indices rose across the board on the 29th.

Later, the Washington Federal Circuit Court of Appeals issued an order to temporarily restore Trump's authority to levy tariffs during the appeal process. According to reports from CNBC and Reuters, the international trade court in New York ordered on the 28th that Trump's tariffs announced in April could not take effect due to exceeding his presidential powers.

Federal Reserve Chairman Jerome Powell met with Trump at the White House on Thursday, emphasizing that interest rate decisions will be based on non-political analysis, reinforcing the independence of the Fed. On the 29th, major U.S. stock indices ended strong, with the Dow Jones Industrial Average up 117.03 points or 0.28%, closing at 42,215.73 points.

Although the Trump administration stated that they were not intimidated by the trade court's ruling and expect to win on appeal or use the president's other powers to ensure tariffs are effective, uncertainty regarding the legal framework may continue to affect investors.