Analyst: Trump's tariff battle may end in the Supreme Court

ChainCatcher news, Kyle Rodda, senior financial market analyst at Capital.com in Melbourne, commented on the suspension of Trump's tariffs: This is significant news. There has long been a belief that the emergency powers Trump used to implement tariffs are unconstitutional, and that the power to set tariffs belongs to Congress. This ruling has sparked a battle that may now end up in the Supreme Court. It is a dangerous situation, as the government may ignore the court's ruling, which could put greater pressure on U.S. institutions as tensions rise. However, the court may delay and then overturn these tariffs, thereby eliminating a huge risk, and the market will undoubtedly respond favorably, igniting a preference for risk.