The twists and turns in U.S. President Donald Trump's tariff policies have not only rattled global financial markets but have also taken investors on a roller-coaster ride. Companies are counting the cost of the trade war that is now being estimated at more than $34 billion in lost sales and higher expenses,

U.S. President Donald Trump's tariffs are facing legal headwinds for the first time — but he has other tools he could deploy in his quest to realign global trade.

The US Court of International Trade ruled May 28 that the vast majority of President Donald Trump’s tariffs were issued illegally and ordered them blocked, which would deliver a blow to a key pillar of his economic agenda.