US Supreme Court Questions Legality of Trump's Tariffs 🇺🇸
Crypto Web3 Today
Updated at: 3 hours ago
{"content":"US Supreme Court Questions Legality of Trump's Tariffs 🇺🇸
In a constitutional case that could reshape American trade policy, the Supreme Court debated whether President Trump exceeded Congress's authority when he imposed tariffs based on the 1977 National Emergencies Act.
📌 Key Points:
• Both conservative and liberal justices raised questions about the constitutionality of the tariffs.
• The court is sharply divided (6 conservatives vs. 3 liberals).
• Affected companies and 12 Democratic-led states have filed lawsuits challenging the decision.
• The tariffs could add trillions of dollars to the US economy over the next decade.
• The case represents a crucial test of the balance of power between Congress's authority over trade legislation and the president's authority in foreign policy.
📊 Potential Market Impact:
• Overturning the tariffs: Would boost risk appetite, lift global stocks, weaken the dollar, and potentially reduce demand for gold.
• Upholding the tariffs: Would keep trade tensions high, weigh on stocks and the dollar due to growth concerns, and support gold and other safe-haven assets.
$TRUMP
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