Supreme court rules 6-3 against Trump on tariffs. The Court rules that the President lacks authority under IEEPA to impose tariffs. IEEPA does not grant the executive power to levy such tariffs. There is no automatic decision to refund tariffs but the Supreme Court says importers can pursue claims through the US Court of International Trade.
Supreme Court does not address eligibility for tariff refunds.
Traders now see FED waiting until July to cut rates.
US100 gains on this news; US dollar however ticks lower.
Trump will hold a press briefing on the Supreme Court's tariff decision in 12 minutes 💡
Disappointment for Trump, Resilience for Everyone Else: The Truth About US GDP 🇺🇸
BREAKING: US GDP growth rate collapse🚨📉
Market Wrap: Europe is back to green 🇪🇺 📈 Business activity finally accelerating ❓
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