Also in today’s newsletter, China vows to open markets to Pacific Island nations, and former Goldman banker sentenced for 1MDB role

U.S. President Donald Trump on Thursday criticized a trade court decision that said he had exceeded his authority in imposing his most sweeping tariffs, calling it wrong and that he hoped the Supreme Court would overturn the decision.

An appeals court ruled President Donald Trump can continue to levy tariffs while challenging a court order that had blocked them, a quick reversal that allows Trump to keep wielding his trademark economic tool in the short term.