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BREAKING: US Supreme Court Strikes Down Trump Tariffs
The US Supreme Court just ruled 6-3 that Trump's global tariffs are unconstitutional.
Key points:
→ Trump exceeded his presidential authority
→ IEEPA law doesn't permit tariff imposition
→ Chief Justice Roberts led the majority
Tariffs now INVALID:
→ "Liberation Day" reciprocal tariffs (10-50%)
→ 25% tariffs on Canada, China & Mexico
Still valid: Steel & aluminum tariffs
Why it matters:
→ US households were paying $1,000-$1,300 extra yearly
→ Removes major trade uncertainty from markets
→ Potential positive signal for risk assets including crypto
Trump's biggest legal defeat of his second term. Administration may try reimposing through other legal routes.
Market impact incoming?