US President Trump criticises the Supreme Court, he says recent ruling gave him far more powers and strength than he had prior to the tariff ruling
Newsquawk Staff ·
- Can use licenses to do "terrible things" to other countries, but he cannot charge them a license fee.
- "The court has also approved all other Tariffs, of which their are many, and they can all be used in a much more powerful and obnoxious way, with legal certainty, than the Tariffs as initially used."
- "The next thing you know they will rule in favor of China and others, who are making an absolute fortune on Birthright Citizenship"
- "this supreme court will find a way to come to the wrong conclusion, one that again will make China, and various other Nations, happy and rich"
What it means
Trump's criticism of the Supreme Court regarding tariffs indicates a potential escalation in trade rhetoric, which could increase tensions with countries he perceives as benefiting from U.S. policies. This may affect market sentiment across equities, commodities, and currency pairs, particularly emphasizing risk-off behavior. Traders should watch for price movements in the USD alongside commodities like WTI and gold, which often react to uncertainty in trade relations.
Sources
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings59 min ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- Atlanta Fed GDPNow (Q3) 3.3% (prev. 3.4%)20 min ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)3 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call3 hours ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports2 hours ago
- Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results2 hours ago
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)39 min ago
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)39 min ago
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)39 min ago
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)39 min ago
- US EIA Crude Oil Stocks Change (Oct/23) -1.892M vs. Exp. 0M (Prev. -3.061M); SPR falls 0.1mln to 282.6mln39 min ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M54 min ago
- Rosatom says they will raise the number of construction workers at Iran's Bushehr nuclear power plant to 200 in November, reports Al Mayadeen3 hours ago