Headlines

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.

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