U.S. stocks sank on Monday after President Donald Trump rolled out a new round of tariffs. Investors also punished companies they believe could miss out on the artificial-intelligence revolution, amplifying tension across the market.
In a major legal setback, the Supreme Court struck down President Donald Trump’s sweeping global tariffs, sparking an immediate and fiery response. Trump labeled the ruling a “stinging loss” and vowed new levies, underscoring the ongoing clash between the judiciary and his agenda.
Gold and silver soared to record highs as President Donald Trump threatened fresh tariffs on eight European countries. Investors scrambled for safe-haven assets, forcing the dollar down by 4% against major currencies.
President Donald Trump announced a 10% import tax on goods from eight European nations in response to their opposition to American control of Greenland. The measure takes effect in February and raises concerns about the stability of U.S. partnerships in Europe.
The Supreme Court has now twice declined to rule on Donald Trump’s emergency tariffs, sparking speculation that the prolonged silence might work in the former president’s favor. JPMorgan analysts suggest that protracted deliberation is more likely to yield a Trump-friendly decision, despite skepticism from various legal experts.
Citadel CEO Ken Griffin has publicly questioned whether Apple deserves any special status under President Donald Trump’s tariffs. He argues that even a company as influential as Apple should not be exempt simply due to its connections.
President Donald Trump’s use of tariffs as an economic tool once drew mixed reactions from opponents and supporters alike. Now, voices within his own Republican Party have begun questioning whether these policies best serve American interests, signaling a potential shift in the political conversation.
An appeals court has ruled against tariffs introduced by President Donald Trump, raising questions about whether the case will proceed to the Supreme Court. Trump’s trade announcement earlier this year showcased his push for economic measures, now forced to face legal scrutiny.
A federal appeals court has declared the vast majority of Donald Trump’s tariffs illegal, citing improper use of emergency powers. The ruling is on hold until October 14, setting up a likely showdown at the Supreme Court that could reshape the balance of power over U.S. trade policy.
A Washington appeals court ruled that most of former President Trump’s global tariffs exceeded his authority, effectively declaring them illegal. The verdict arrived around the same time Trump revised ‘de minimis’ exemptions, raising questions about the executive branch’s role in trade policy.
