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Trump tariffs that are voided — and ones that are safe — from Friday's appeals court ruling

1. A federal appeals court ruled Trump's tariffs illegal, affecting global trade. 2. Before the ruling, tariffs impacted 69% of U.S. imports; now 16%. 3. The ruling injects uncertainty into Trump's economic agenda affecting S&P 500. 4. Tariffs on steel and aluminum remain unaffected by the court's decision. 5. Trump plans to appeal the ruling, maintaining high tariffs for some sectors.

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FAQ

Why Bearish?

The uncertainty surrounding tariffs may negatively affect corporate earnings and investor sentiment, reminiscent of the market's reaction to past tariff disputes in 2018.

How important is it?

The article discusses crucial trade policy shifts that directly impact market dynamics and investor expectations, influencing the broader economic landscape.

Why Short Term?

The immediate impact emerges from trade uncertainty; historically, markets react quickly to trade policy changes.

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