The ability for the United States and China to reach a trade deal that spares each economy from debilitating tariffs is now in doubt.

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Just days after threatening to impose a 50% tariff on the EU, Donald Trump called it off.

In a post on Truth Social Thursday night, Trump railed against the U.S. Court of International Trade’s ruling the previous day, which found that the president had exceeded his legal authority by imposing sweeping tariffs on dozens of countries, based on vague claims of “national emergencies.”

The World Trade Organization Director General is in Japan for a three-day visit, where she met with Prime Minister Fumio Kishida in Tokyo

The trade-dependent economies are looking to insulate themselves after US President Donald Trump blew up global trade norms by announcing a slew of tariffs targeting countries around the world this year.

The European Union has agreed to fast-track trade talks with the US in a bid to avoid President Trump's 50% tariffs — which, in an about-face, he announced would be delayed until July 9. On Tuesday, a Bloomberg report said that the EU's trade chief,

Europe's benchmark STOXX 600 index trimmed its gains on Friday after U.S. President Donald Trump said China had violated an agreement on tariffs with the United States.