President Donald Trump's second-term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled, and business leaders sounded alarms about the economic damage they would cause.

President Donald Trump's steepest tariffs fell into legal limbo this week, casting uncertainty over a major swath of the president's signature economic policy. The Trump administration could ultimately prevail in a court battle over the levies or seek other legal authorities to reimpose some of the tariffs,