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 US court invalidated Donald Trump’s “liberation day” tariff scheme, in a move that could throw the president’s global trade policy into disarray. The US Court of International Trade found on Wednesday that the president did not have the power to introduce his levies using the emergency economic powers legislation he cited when he imposed sweeping tariffs on countries around the world last month.