A critical week for U.S. trade policy begins. The U.S. Supreme Court is preparing to announce a major ruling on tariffs imposed by President Donald Trump.
It is believed that this decision may have an impact on the recent optimistic sentiment seen in the market.
The court announced that it would resentence the case on Friday, February 20th, after a one-month hiatus. The biggest issue is whether it is legal for the Trump administration to impose additional tariffs on imports from various countries based on its “emergency powers.” If the courts rule against the administration, these tariffs could be deemed invalid, at least temporarily.
Meanwhile, the latest inflation and employment figures released in the US were better than expected. Strong macroeconomic conditions supported the stock market’s rise, with the Dow Jones Industrial Average breaking above 50,000 points for the first time.
White House trade adviser Peter Navarro argued in an interview with Fox News that economic performance has been strengthened because of the tariffs. “The economy is doing well because of the tariffs, not in spite of them. All major indicators are sending positive signals and the best is yet to come,” Navarro said.
*This is not investment advice.
