Trump, tariffs and Supreme Court
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The US Supreme Court is likely to announce its final ruling on President Donald Trump's global tariffs on Friday, with regards to its legality that has put global economies on edge. According to Reuters,
The White House said it was delaying the higher tariffs until Jan. 1, 2027, due to ongoing trade talks, not because it was retreating from its tariff agenda.
Traders are betting on turmoil ahead of Friday’s ruling, but a Wall Street legend is floating a different idea.
At the heart of the case is Trump’s interpretation of the International Emergency Economic Powers Act (IEEPA), a law typically used to implement sanctions. The Court’s eventual decision could impact the future reach of presidential authority in trade ...