🇺🇸 U.S. Supreme Court Rejects Fast-Track Challenge to Trump’s Tariffs

Two American toy companies — Learning Resources and hand2mind — requested the U.S. Supreme Court to speed up their legal challenge against Trump-era tariffs, claiming they are illegal under the International Emergency Economic Powers Act (IEEPA).

🛑 The Court rejected the request, meaning the normal legal process will continue, and the government has the standard 30 days to respond.

Both companies argue that the blanket tariffs are damaging businesses nationwide.

A lower court had briefly blocked the tariffs, but that decision was reversed by an appeals court.

The legal battle continues in the lower courts, with the next hearing expected by the end of next month.

🧸 Businesses Hit, But Inflation Remains Low

Despite fears, inflation hasn’t surged as expected.

May CPI: +2.4% YoY

Core inflation: Lowest since early 2021

Many tariffs haven’t yet impacted prices due to older inventory still on shelves.

Fed Chair Jerome Powell said only specific items like PCs and electronics from China have seen noticeable price hikes. #CryptoClause #USNationalDebt #PowellVsTrump #MarketPullback