"The dollar slumped 0.4% against a basket of other currencies this morning after the US Customs and Border Protection agency said it would deactivate all tariff codes associated with International Emergency Economic Powers Act related orders as of Tuesday at midnight."
~ Nicola Slawson
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/1
The Guardian has started an ongoing thread today with rolling coverage of the latest economic and financial news, in light of the debacle Trump is creating with his continued tariff madness.
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/2
"I think what the American business community hoped is: OK, he’s going to lose in the courts and this whole thing will just go away quietly. But the president has now really put himself out there that that’s not going to happen, and that there’s no way around this other than continuing to try to fight his assertions of power in imposing tariffs."
~ Matthew Seligman
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/3
https://newrepublic.com/article/206884/trump-rage-scotus-explodes-then-backfires-gopers-turn
"This is going to be an ongoing fight, and there’s no way that it’s just going to go away without actually confronting him with his legal limitations in the courts."
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/4
Two telling graphics offered today by Simon Rosenberg, showing the public's disapproval of Trump's tariffs and the Supreme Court's decision, and the effects of Trump's chaotic, vindictive economic "policies" on the economy.
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/5
https://www.hopiumchronicles.com/p/a-slower-economy-higher-prices-degraded
"As of this reporting, the Dow had dropped more than 800 points and continued trending downward through the morning. The volatility came as Trump posted that 'Any Country that wants to "play games" with the ridiculous supreme court decision,''" (continued in /6)
~ Ben Meiselas
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/6
https://www.meidasplus.com/p/monday-afternoon-news-updates-22326
By Ben Meiselas
(continued from /6)
"'especially those that have "Ripped Off" the U.S.A. for years, and even decades, will be met with a much higher Tariff, and worse, than that which they just recently agreed to.'”
#Trump #SupremeCourt #tariffs #economy #GlobalEconomy #dollar #StockMarket
/7
@wdlindsy
Which means that he breaks **his** word on *negotiated tariffs* that were agreed outside of IEEPA, thus proving to allies - if it was still necessary - that HIS word is worth 💩
What a success 😏
William Lindsey 
RainbowFrog