Summary
- It said the U.S. Supreme Court deferred a decision on the legality of President Donald Trump’s universal global tariff policy.
- The market had focused on the possibility of a conclusion on the constitutionality of the Trump administration’s universal global tariffs, but legal uncertainty is set to continue, it said.
- It said Trump has warned that if the Supreme Court rules the tariff policy illegal, the United States could be forced to return hundreds of billions of dollars, causing “national chaos.”
Forecast Trend Report by Period
The U.S. Supreme Court did not issue a decision on the legality of President Donald Trump’s universal global tariff policy on the day.
According to Walter Bloomberg on June 14 (local time), the Supreme Court postponed a ruling on whether the universal global tariffs pursued by the Trump administration are unconstitutional during the opinion-release session scheduled for the day.
The market had been watching for a possible conclusion on the constitutionality of Trump’s tariff policy, but the matter was not taken up in this session. As a result, legal uncertainty surrounding the tariff policy is expected to persist for the time being.
Trump has previously warned that if the Supreme Court deems the tariff policy illegal, the United States could have to return hundreds of billions of dollars, which he said would cause “national chaos.” With the ruling deferred, market participants and policymakers are expected to focus even more closely on when the Supreme Court will weigh in and what it decides.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
