Where does court ruling leave Trump's tariff agenda?

The US Court of International Trade has struck down President Trump's tariffs imposed under the IEEPA, affecting fentanyl and "Liberation Day" tariffs on China, Mexico, and Canada. The ruling does not impact sectoral tariffs on steel and aluminum. While temporary, the ruling could reduce the US's average external tariff and impact trade deals with negotiating countries like the EU, Japan, and Australia, potentially leading to greater uncertainty in global trade amid threats of reimposing tariffs under new legal justifications.