US Edition
'This Was Preventable': Spokane Business that Imports Products From Asia Celebrates SCOTUS Ruling on Tariffs
The Supreme Court ruled 6-3 against Trump's tariffs, possibly forcing up to $200 billion in government repayments and easing market uncertainty, boosting major U.S. stock indexes.
- Markets reacted on Friday as the U.S. Supreme Court struck down President Donald Trump's tariffs, lifting the broad market index 0.4% and the Nasdaq Composite 0.6%.
- After the decision, President Donald Trump said he will sign an executive order imposing a 10% global tariff, and Chief Justice John Roberts wrote the president 'must identify clear congressional authorization' for such powers.
- In Friday trading, the S&P/TSX composite index rose 222.53 points to 33,817.51, and the S&P 500 gained 47.62 points, with commodities edging higher, including the April gold contract up US$83.50.
- Analysts warned the full financial fallout is uncertain and the U.S. government may have to repay up to $200 billion, raising questions on how quickly refunds will be handled.
- Despite the court ruling, investor reaction was muted and analysts said technology stocks bounced after being oversold amid AI disruption fears, with earnings from Canada's big banks likely driving markets next week.
29 Articles
29 Articles
Donald Trump’s Tariffs Were a Big Mistake. Now America Will Pay the Price
Yesterday’s Supreme Court ruling striking down a large part of Trump’s import tariff hikes is both very bad and some good news for Donald Trump. The bad news is that it deals a severe blow to a signature part of Trump’s economic program and aggravates an already troubling budget situation. The good news is that […] The post Donald Trump’s Tariffs Were a Big Mistake. Now America Will Pay the Price appeared first on 19FortyFive.
Far-Left Pundit Admits SCOTUS Tariff Ruling Won't Slow Down Trump's Trade Plans: 'Business as Usual'
When the Supreme Court ruled 6-3 Friday that President Donald Trump cannot use the 1977 International Emergency Economic Powers Act to unilaterally levy tariffs, critics of this administration were quick […] The post Far-Left Pundit Admits SCOTUS Tariff Ruling Won't Slow Down Trump's Trade Plans: 'Business as Usual' appeared first on The Western Journal.
US tariff ruling lifts market sentiment, positive for M'sian markets, say economists
KUALA LUMPUR: The United States (US) Supreme Court ruling limiting President Donald Trump's unilateral tariff authority would improve global economic and market sentiment, with economists saying the development could benefit Malaysia's exports, capital markets and currency outlook.
Peter Schiff Says 'No Country Has Been Ripping Off America' As Trump Lashes Out After SCOTUS Tariff Ruling
Peter Schiff criticized U.S. trade policy as President Donald Trump responded to a Supreme Court ruling blocking emergency tariff powers by announcing a new 10% global tariff, even as recent data showed inflation cooled to 2.4% in January.
Former auto supply chain executive on SCOTUS tariffs ruling
The Supreme Court deals a blow to President Trump's economic agenda, announcing his sweeping tariffs are unconstitutional. Former Auto Supply Chain Executive & Host of the Automotive Leaders Podcast Jan Griffiths discusses the possible fallout.
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