Trump's tariffs face turbulence at the Supreme Court
At last night's hearing, the court asked many difficult questions about the legality of the tariffs imposed by President Trump, raising hopes that some of the tariffs could be lifted.
The court has not yet issued a ruling but will hear the case through an expedited process. Typically, rulings are announced at the end of June, but this case may be declared earlier.
Trump's tariff betting rate will be ruled legal, plummeting from 52% to 18%. U.S. stocks reacted positively, with chip and AI stocks also recovering after yesterday's sell-off due to concerns over high valuations.
Crypto is temporarily regaining its green color, BTC increases nearly +3% back to $104K, ETH +5% to $3.4K.
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Trump's tariffs face turbulence at the Supreme Court
At last night's hearing, the court asked many difficult questions about the legality of the tariffs imposed by President Trump, raising hopes that some of the tariffs could be lifted.
The court has not yet issued a ruling but will hear the case through an expedited process. Typically, rulings are announced at the end of June, but this case may be declared earlier.
Trump's tariff betting rate will be ruled legal, plummeting from 52% to 18%. U.S. stocks reacted positively, with chip and AI stocks also recovering after yesterday's sell-off due to concerns over high valuations.
Crypto is temporarily regaining its green color, BTC increases nearly +3% back to $104K, ETH +5% to $3.4K.