Tariff Crisis Between Trump and Supreme Court Shakes Global Markets

Tariff Decisions and Legal Conflict The legal clash between U.S.
President Donald Trump’s steps toward customs tariffs and the opposing stance taken by the U.S.
Supreme Court has escalated uncertainty in global trade.
Last week, the Supreme Court ruled Trump’s "emergency" tariffs unlawful, decreeing that the International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to impose additional taxes.
Despite this ruling, Trump first signed a 10 percent global customs duty targeting all countries and subsequently announced that he would increase this rate to 15 percent.
The legal conflict between the Trump administration and the Supreme Court caused the dollar to weaken, while spot gold rose as high as $5,186.
Sharp Losses in Cryptocurrencies and Stock Markets Ecaterina Bigos, Investment Director at BNP Paribas Asset Management, stated that markets are pricing in the uncertainty regarding the future of customs duties, noting that this situation has affected all asset classes.
Due to policy uncertainty, Wall Street stocks fluctuated while bonds lost value.
In the cryptocurrency market, the leading asset Bitcoin recorded a sharp decline, falling from $67,600 to $64,416.
This volatile price movement led to approximately $478.40 million in liquidations across the market.
Investors are closely monitoring the long-term effects of this tension between the White House and the judiciary on global trade.