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'This Was Preventable': Spokane Business that Imports Products From Asia Celebrates SCOTUS Ruling on Tariffs
The Supreme Court ruled 6-3 against Trump's tariffs, possibly forcing up to $200 billion in government repayments and easing market uncertainty, boosting major U.S. stock indexes.
- Markets reacted on Friday as the U.S. Supreme Court struck down President Donald Trump's tariffs, lifting the broad market index 0.4% and the Nasdaq Composite 0.6%.
- After the decision, President Donald Trump said he will sign an executive order imposing a 10% global tariff, and Chief Justice John Roberts wrote the president 'must identify clear congressional authorization' for such powers.
- In Friday trading, the S&P/TSX composite index rose 222.53 points to 33,817.51, and the S&P 500 gained 47.62 points, with commodities edging higher, including the April gold contract up US$83.50.
- Analysts warned the full financial fallout is uncertain and the U.S. government may have to repay up to $200 billion, raising questions on how quickly refunds will be handled.
- Despite the court ruling, investor reaction was muted and analysts said technology stocks bounced after being oversold amid AI disruption fears, with earnings from Canada's big banks likely driving markets next week.
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18 Articles
18 Articles
Former auto supply chain executive on SCOTUS tariffs ruling
The Supreme Court deals a blow to President Trump's economic agenda, announcing his sweeping tariffs are unconstitutional. Former Auto Supply Chain Executive & Host of the Automotive Leaders Podcast Jan Griffiths discusses the possible fallout.
Despite SCOTUS ruling, some Indiana manufacturers still face tariff pain
Skyrocketing costs. Lower-quality supplies. Fewer workers. Millions of dollars in extra spending. That’s been the unfolding reality at Draper Inc. nearly a year after President Donald Trump ordered sweeping tariffs on nearly every nation on the planet.
·Terre Haute, United States
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The Toronto Star+2 Reposted by 2 other sources
Tech stocks help lift S&P/TSX composite, U.S. stocks up after SCOTUS tariff ruling
TORONTO - Strength in technology stocks helped lift Canada's main stock index in late-morning trading, while U.S. stock markets also climbed after the U.S. Supreme Court struck down President Donald
·Toronto, Canada
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Coverage Details
Total News Sources18
Leaning Left5Leaning Right0Center5Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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