For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump’s chaotic tariffs.

In its ruling, the U.S. Court of International Trade stated the President Trump had misused the International Emergency Economic Powers Act (IEEPA) of 1997, in steps he took to implement tariffs on various consumer and industrial products,

Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

Gold extended declines for a fourth day, as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda.

A local economist has weighed in on the potential impact of recent tariff rulings on consumers. Jason Imbrogno, a professor at the University of North Alabama, shared

It could also put a tariff in place and then leave some ... Also, of course, there are tariffs in place that the ruling does not impact. These are the sectoral tariffs, so on steel, aluminum ...

Two of Wall Street’s top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump’s tariff measures may prove limited, given that the administration has other avenues to impose import duties.

ABC News’ Senior White House Correspondent Selina Wang reports on the legal challenges Trump’s tariffs have faced.