In a significant development on May 28, 2025, a U.S. federal trade court ruled that former President Donald Trump's sweeping tariffs, imposed via executive orders, were unconstitutional. The court ordered the administration to rescind these tariffs within 10 days, emphasizing that the authority to impose tariffs lies with Congress, not the president .The Washington.
The court's decision has introduced uncertainty into the markets. While some investors view the ruling as a positive step toward stabilizing trade relations, others are concerned about the potential implications for the U.S. economy and global trade dynamics .
In the cryptocurrency sector, $BTC
Bitcoin (BTC) has shown resilience amid these developments. Currently trading around $108,047,$BTC BTC has maintained its position despite the broader market fluctuations . Analysts suggest that Bitcoin's performance may be influenced by its perceived role as a hedge against traditional financial market volatility .
As the situation evolves, investors and market participants will be closely monitoring the administration's response to the court's ruling and its potential impact on both traditional and digital asset markets.