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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 {spot}(TRUMPUSDT)","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/06/3ac3acaa481d48899052f13248059fa2.png"],"tags":[],"tradingPairs":["TRUMP/USDT"],"quotearticleid":0}

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