On the morning of the 29th Taiwan time, the U.S. International Trade Court in New York ruled against President Trump's tariff policy implemented on 'Liberation Day', stating that imposing comprehensive tariffs on other countries without congressional authorization is an overreach. This ruling is expected to ease global trade tensions, leading to a significant surge in global stock market futures, with Taiwan’s stock market climbing nearly 250 points to approach 21600. Safe-haven assets like gold, the yen, and Swiss franc fell, while the U.S. dollar index surged above 100.

The court indicated that under the U.S. Constitution, the exclusive power to regulate foreign trade belongs to Congress, and the President cannot invoke emergency powers for economic security to override this authority. This is the first time a trade policy during Trump's presidency has been formally overturned by the judiciary, interpreted by outsiders as a significant defeat among a series of lawsuits regarding executive orders.

Currently, Trump's tariff policies face multiple judicial challenges, with Oregon's Attorney General labeling them as illegal and reckless, causing devastating economic destruction. In a response, White House Deputy Chief of Staff Miller stated that unelected judges should not determine how to handle national emergencies. It has been reported that the Trump administration is preparing to file an appeal, which will eventually require a decision from the Supreme Court. While the court has blocked Trump's tariffs, market analysts warn this move might provoke the White House to propose even more radical trade protection measures, ultimately boosting investor risk appetite.