#TrumpTariffs The Court of International Trade in Manhattan ruled that the trade tariffs imposed by U.S. President Donald Trump were illegal. This decision comes after several months of turmoil in the global market due to the tariffs implemented worldwide.

However, this decision has been rejected by the Trump Administration. Citing Bloomberg, Thursday (29/05) morning, this decision can still be appealed to the Supreme Court as the highest court.

Previously, Trump imposed reciprocal tariffs as a retaliation against dozens of countries around the world, including Indonesia. These tariffs caused financial markets such as stocks and crypto to fluctuate. Bitcoin even experienced a downturn and stagnation for several weeks before finally returning to the US$100 thousand level.