The Appeals court ruling on Trump tariffs has created a storm across global markets. The judges ruled that President “exceeded his authority” by imposing broad trade barriers. This major headline came just 30 minutes after U.S. futures closed ahead of the Labor Day weekend, leaving traders with three long days of uncertainty.
Source: The Kobeissi Letter
For now, the Court Trump tariffs decision allows duties to stay in place while the case moves forward. But this ruling could head straight to the Supreme Court battle, setting up another historic legal fight.
Within hours of the announcement, the President released a fiery statement rejecting the court’s findings. In his words, “ALL TARIFFS ARE STILL IN EFFECT! The Appeals Court incorrectly said our tariffs should be removed, but America will win in the end.”