12
A critical week is beginning for trade policies in the US. The United States Supreme Court is preparing to announce an important decision regarding the tariffs imposed by President Donald Trump.
The decision is thought to potentially affect the recent optimistic sentiment seen in the markets.
The court announced it will issue its decision again on Friday, February 20, after a one-month break. The main issue is whether the Trump administration’s imposition of additional tariffs on products imported from various countries under “emergency powers” is legal. If the court rules against the administration, these tariffs could be deemed invalid, at least temporarily.
On the other hand, the latest inflation and employment data released in the US came in more positive than expected. The strong macroeconomic picture supported the rise in equity markets, with the Dow Jones Industrial Average crossing the 50,000 point threshold for the first time.
White House trade adviser Peter Navarro argued in an interview with Fox News that economic performance has strengthened thanks to tariffs. Navarro stated, “The economy is strong because of tariffs, not despite them. All the main indicators are giving positive signals, and the best is yet to come.”
*This is not investment advice.
cryptobriefing.com
cryptoslate.com
beincrypto.com