US EditionWilbur Ross warns of market 'confusion' if court strikes Trump tariffs
- Wilbur Ross warned of "tremendous confusion" in markets if the Supreme Court strikes down Trump's tariffs during oral arguments.
- Ross emphasized that market reactions would arise from uncertainty regarding future tariff implementations after a potential ruling by the court.
- Solicitor General John Sauer defended Trump's tariffs, stating they were lawful under the International Emergency Economic Powers Act during the Supreme Court hearings.
- Ross noted that Trump now faces less resistance from lawmakers regarding tariffs than during his first term, indicating a shift in Republican perspectives on trade.
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Fmr Commerce Secretary Warns of Market Confusion If Court Nixes Tariffs
Former Commerce Secretary Wilbur Ross warned that financial markets could face major confusion if the Supreme Court strikes down President Donald Trump's tariffs, the Washington Examiner reported. On Wednesday, the Supreme Court heard arguments examining Trump's use of federal law to impose global tariffs. Several justices — particularly conservatives — questioned the administration's interpretation of the statute. The case could have implicatio…
Wilbur Ross warns of market 'confusion' if court strikes Trump tariffs
EXCLUSIVE — President Donald Trump’s former Commerce Secretary Wilbur Ross is warning of “tremendous” amounts of “confusion” in the markets if the Supreme Court strikes down Trump’s sweeping tariffs. Ross, 87, spoke with the Washington Examiner on Wednesday during the Supreme Court’s oral arguments over the legality of Trump’s “Liberation Day” tariffs. Ross, who was tasked with overseeing tariff policy during Trump’s first term, warned that if t…
Donald Trump has not only lost regional elections, but is also about to lose his tariffs – and that gives the Wall Street boost that bought the dip today! Because the Trump administration would then have to pay back many billions of dollars to US companies they had paid to the government – that supports stocks. The first [...] The post Wall Street buys the dip – Trump loses choice..and tariffs! Market whispers appeared first on financial marketw…
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