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Are Trump's Tariffs Still In Effect? What To Know After Court Rules Most Levies Are Illegal

1. Appellate court ruled Trump's tariffs illegal, overstepping his authority. 2. Tariffs on goods from China, Mexico, and Canada remain until Supreme Court ruling. 3. Majority cited that tariff powers are exclusive to Congress, not the president. 4. Dissenting judges argue the IEEPA justifies Trump's tariff authority. 5. Potential impact on market and trade deals remains unclear.

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FAQ

Why Bearish?

The ruling undermines certainty around trade tariffs, which historically have impacted market stability. Previous tariff disputes have led to volatility in S&P 500, particularly in sectors reliant on international trade.

How important is it?

Trade tariffs significantly affect corporate earnings, especially for multinational companies, impacting investor sentiment.

Why Short Term?

The immediate uncertainty leading up to the Supreme Court decision may create market volatility. Historical examples show similar rulings often lead to market reactions until clarity is provided.

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