A federal appeals court has ruled that most of President Donald Trump's tariffs are illegal.

"We affirm the CIT’s holding that the Trafficking and Reciprocal Tariffs imposed by the Challenged Executive Orders exceed the authority delegated to the President by IEEPA’s text," the court opinion states. "We also affirm the CIT’s grant of declaratory relief that the orders are "invalid as contrary to law."

This story is breaking. Please check back for updates.