#TrumpTariffs

🚨 New Tariffs Announced: President Trump has issued sweeping new executive orders imposing reciprocal import duties ranging from 10% to 41%, affecting 69 trading partners, including Canada (35%), Brazil (50%), India (25%), Taiwan (20%), and Switzerland (39%) – effective August 1.

📉 Market Reaction: Global equities dropped sharply — London’s FTSE 100 and U.S. indices fell ~1.6–2.2% amid tariff-driven trade fears and a weak U.S. jobs report adding to economic jitters.

⚖️ Legal Risks Emerging: Federal appellate courts raised constitutional concerns over Trump’s authority to impose tariffs under emergency powers. These cases could head to the Supreme Court, potentially blocking tariffs mandated under IEEPA.

👉 Why It Matters:

Tariffs are now a major drag on growth—raising consumer prices, weighing on hiring, and injecting uncertainty into macro and crypto markets. Legal challenges may shake up the trade agenda heading into 2026.