Court Tariff Ruling Delivers Blow To Trump; Economist Warns Of Global Market Uncertainty
Chief Market Economist Peter Cardillo says the US Supreme Court's decision striking down President Trump's reciprocal tariffs marks a clear setback for the administration and raises complex questions about refunding the $175 billion collected so far. He adds that Trump's new 10% global levy-valid for only 90 days without congressional approval-could fuel volatility in global markets, with inflation expectations and future Federal Reserve actions now in sharp focus.
