Trump’s tariffs in legal limbo

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  Good morning from the Financial Times.

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  Today is Friday, May 30th, and this is your FT News Briefing.

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  U.S. courts have thrown a wrench in Donald Trump's tariff plans,

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  and a former Goldman Sachs banker has been sentenced to prison for his role in a massive scandal.

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  Plus,

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  we'll take a look at how Wall Street offloaded $13 billion of debt tied to Elon Musk's Twitter deal.

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  I'm Mark Filippino, and here's the news you need to start your day.

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  The fate of Donald Trump's trade tariffs are in limbo.

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  The US Court of International Trade unexpectedly ruled this week that President Trump did not have the authority to greenlight his so-called Liberation Day tariffs.

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  Then, less than a day later, a judge in Washington also ruled against them.

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  And then, just a few hours after that, a federal appeals court paused the initial ruling.

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