Trump, tariffs and court ruling
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Trump, TACO and Tariff
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Surprise court ruling striking down most of President Trump's tariffs on imports could bolster stocks, according to Wall Street analysts.
Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law.
The last time the UK. produced this few cars, Queen Elizabeth had just ascended to the throne and the Morris Minor was a bestseller.
The comments follow a ruling from judges on the Court of International Trade who said that Trump exceeded his authority on tariffs.
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China reiterated its call for the U.S. to abolish its tariffs after a panel of federal judges ruled that President Donald Trump did not have the authority to introduce them under the emergency powers he had used.
Share prices for Big Tech’s Magnificent Seven and major chipmakers rose on Thursday after a wave of welcome news for investors.
Investors are weighing a court decision that blocked some Trump tariffs, Nvidia's earnings report, and Musk's renewed focus on Tesla.
Citi CEO Jane Fraser urged the Trump Administration to provide greater clarity on the economic context for the U.S. to unlock more investment, as its tariff policy was plunged into chaos following a major court ruling and the tax bill faces a battle in the Senate.