BREAKING: U.S. Court Blocks Trump’s Global Tariffs 🧨
The U.S. Court of International Trade has ruled that Trump overstepped his executive powers by imposing sweeping global tariffs without Congress. The now-struck tariffs ranged from 10% to 84%, targeting trade and alleged drug trafficking concerns.
⚖️ Key Ruling:
The court emphasized such drastic trade moves require legislative approval — not just a presidential declaration of emergency.
📝 Next Steps:
Trump’s team has already appealed to the Federal Court of Appeals, and the case could ultimately reach the Supreme Court.
📌 Note:
This decision does NOT impact existing 25% tariffs on autos, steel, and aluminum.
💡 Market Takeaway:
Risk-on sentiment may strengthen — especially for crypto — as this ruling could ease global trade tensions.
🟢 Eyes on:
$BTC — watch macro momentum