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.
Daily Summary: "Heat" of the NFP Print Cools Market Sentiment ⬇️
Three Markets to Watch Next Week (04.09.2026)
🟡Gold drops sharply following strong NFP
BREAKING: NFP with a massive upside; EURUSD dips 🚨