All of this is throwing markets in a bit of a limbo now to start the week. So, what happens next from here?
A reminder for those unaware is that three of the nine members of the US Supreme Court were appointed by Trump back during his first term. And as a whole, six of the nine members had been appointed by Republican presidents.
They have been fairly vocal about their position with how Trump is threatening Fed independence and they won't really stand for that. And typically, they are also rather critical towards presidents when any policy overreach is one that is made through bypassing Congress. In any case, we'll have to wait and see.
As another reminder, these tariffs in dispute do not involve those on steel and aluminum - which are separate and will remain in place regardless.
That's a massive can of worms to open after all the duties collected by the US in the past few months, not to mention any ongoing trade deals and framework agreements.
On the flip side, if the US Supreme Court does side with Trump, that's going to be a separate concern for markets. It is basically a green light for Trump to keep reigning chaos and do whatever he wants without care for wanting to deal with Congress.
Fun times, eh?
This article was written by Justin Low at investinglive.com.Hence then, the article about tariffs quagmire dominates the setting to start the week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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