US Appeals Court returns jurisdiction over tariff lawsuits to the Trade Court to determine next steps

The return of jurisdiction over tariff lawsuits to the Trade Court signals a pivotal shift in U.S. trade policy, potentially impacting tariff rates and trade negotiations. This change could lead to increased volatility in currencies and commodities, particularly affecting the USD and related assets. It indicates heightened scrutiny and potential adjustments in the geopolitical landscape, especially concerning trade relations with major partners.