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Supreme Court Questions Trump's Tariff Authority Amid Falling ...
2025-11-06 16:55:09
USA
Politics

Supreme Court Questions Trump's Tariff Authority Amid Falling Market Confidence

The recent Supreme Court hearings on President Trump's tariffs have highlighted significant legal and political challenges surrounding his authority to impose such measures. Justices have raised concerns about the validity of Trump's use of the International Emergency Economic Powers Act, questioning whether it grants him the power to bypass Congress.

As the court deliberates, market analysts have noted a sharp decline in the likelihood of a favorable ruling for the administration, dropping from 58% to 28%. This uncertainty has implications not only for the tariffs themselves but also for the broader limits of presidential power.

Meanwhile, discussions around antitrust enforcement have intensified with Lina Khan's new role, and tech companies like Nvidia and OpenAI are advocating for government support. Additionally, Tesla shareholders are set to vote on Elon Musk's ambitious pay package, further illustrating the intersection of corporate governance and legal scrutiny in the current economic landscape.

Related news on that topic:

Supreme Court to Rule on Trump's Tariffs and Presidential Power ... Power Limits

The U.S. Supreme Court is poised to decide on a pivotal case surrounding President Trump's utilization of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports from nearly 100 countries. This case, with profound economic and political ramifications, challenges the scope of presidential power under the IEEPA. Critics, including states and small businesses, argue that these tariffs are unlawful, burdensomely increasing costs and impacting employment. The central issue is whether trade deficits can be deemed a national emergency justifying such tariffs, a stance that has drawn bipartisan skepticism. The 'major questions doctrine' is also in focus, questioning the adequacy of congressional authorization for such expansive executive actions. Although a ruling against Trump could curtail his authority under IEEPA, experts predict tariffs will remain integral to U.S. trade policy. Meanwhile, the administration hints at exploring other legal avenues to continue imposing tariffs regardless of the court's decision. This legal battle highlights broader debates over executive power and its limits within the U.S. constitutional framework.

How Trump's Speech and Tariffs Impact Bitcoin's Volatility

Recent developments in the cryptocurrency market highlight the intricate relationship between political events and market dynamics. A significant transaction involving over 1,100 Bitcoin just before President Trump's economic speech has sparked speculation about potential volatility. This comes amid heightened scrutiny of Trump's tariffs and a federal government shutdown, which has compounded uncertainty. As the Supreme Court deliberates the legality of these tariffs, analysts warn that the ongoing data blackout is hindering price discovery across risk assets, including cryptocurrency. Despite a brief rally, Bitcoin and Ethereum faced declines, reflecting the broader market's nervousness. Furthermore, the market's resilience is tested as major players, including a long-term Bitcoin holder, cash out substantial amounts during this volatile period. The recent trade talks between the U.S. and China may provide a glimmer of hope, potentially stabilizing markets and encouraging investor confidence. However, analysts remain cautious, predicting potential corrections amid the ongoing economic challenges. In this environment, the intersection of politics and crypto continues to shape investor sentiments and market trajectories.

Read 1 more recent news on this topic

The press radar on this topic:

Asia Times
6. November 2025 um 06:21

Odds surge Supreme Court will strike down Trump’s tariffs

The US Supreme Court has heard arguments on the legality of President Donald Trump's tariffs on most countries, with justices questioning whether Trump's claim to impose tariffs using the International Emergency Economic Powers Act (IEEPA) is valid. The court's decision will determine not only the fate of the tariffs but also the limits of presidential power. Betting markets have downgraded the chances of the court ruling in Trump's favor to 30%, and experts warn that a defeat for Trump could..
The Guardian
6. November 2025 um 09:00

Trump’s supreme court strategy is to redefine ‘tariffs’. Will the justices buy it?

US President Donald Trump's use of executive power to impose tariffs was questioned by the Supreme Court on Wednesday. The court is reviewing whether Trump's invocation of a 1977 law, which bypassed Congress, grants him the authority to levy taxes through tariffs. Critics argue that tariffs are 'plain and simple' import taxes, while the administration claims they are 'regulatory tariffs.' The justices appeared skeptical of the administration's argument, with Chief Justice John Roberts calling..
New York Times - Business
6. November 2025 um 13:28

What a Rough Day in Court Means for Trump’s Tariffs

This article discusses a tumultuous day in court for President Trump's tariffs. Key players include Supreme Court justices Amy Coney Barrett and Neil Gorsuch, Transportation Secretary Sean Duffy, and Elon Musk. The stakes are high as the court weighs the legality of Trump's emergency powers to impose tariffs under the International Emergency Economic Powers Act of 1977. Market analysts predict a potential favorable ruling on the IEEPA tariffs is dwindling, with odds plummeting from 58% to 28%...
Al Jazeera
6. November 2025 um 15:06

Was hat der US Supreme Court über Trumps Handelszölle gesagt? Spielt das eine Rolle?

Dieser Artikel behandelt, was mit Trumps Handelszöllen passiert ist und wie sie die US-amerikanische und die globale Wirtschaft beeinflussen könnten.
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