A federal court in New York handed President Donald Trump a big setback Wednesday, blocking his audacious plan to impose massive taxes on imports from almost every country in the world. A three-judge panel of the U.

A federal trade court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.

Wednesday’s ruling from the Court of International Trade saying Donald Trump had wrongly used the International Emergency Economic Powers Act to slap tariffs at will on trading partners seems to the ...