Financial markets reacted with growth after Trump's tariffs were blocked by the court.


Decision of the American Trade Court regarding Trump's tariffs
The American Trade Court ruled to suspend most of the tariffs imposed by Donald Trump and noted that the president exceeded his authority. This caused some relief in the financial markets on Thursday but created additional uncertainty for the global economy, reports Reuters.
Among the main trading partners of the United States negotiating with the Trump administration, Germany and the European Commission refrained from commenting. A representative of the German Ministry of Economy remarked: 'Please understand that we cannot express an opinion on judicial proceedings in the U.S., as they are still ongoing. We hope for a mutually beneficial solution in the negotiations between the European Commission and the U.S. government.'
Market reaction and other consequences
The British government assessed the court's decision as an internal matter of American authorities and noted that this is only the first step in the judicial process. In the financial markets, chip manufacturers, banks, luxury goods companies, and the automotive sector gained - that is, all those industries that suffered from the consequences of the tariffs.
The dollar exchange rate had previously risen against the yen and Swiss franc, but its growth slowed due to uncertainty in trading activity and fears regarding possible reactions from Trump.
The trade battle with Trump has undermined producers of everything from luxury goods to household appliances and cars. Raw material prices have risen, supply chains have been disrupted, and businesses are forced to revise corporate strategies.
The decision made by the American Trade Court regarding Trump's tariffs triggered changes in the financial markets, intensified responses from various government bodies, and highlighted sectors that began to recover from the consequences of trade crises. Uncertainty in international markets is now one of the main factors determining the further development of the global economy.
Read also
- Ukraine to Heat up to +34 and Be Drenched by Rain: Forecasters Warn of Abnormal Start to Summer
- Dollar and Euro Exchange Rate in June: Ukrainians Were Told to Expect Surprises
- Red Cross to pay Ukrainians up to 30 thousand: who and how can receive assistance
- Friedrich Merz to Meet Trump in Washington: Berlin Fears a Repeat of the 'Zelensky Scenario'
- Europe will have to 'save' Ukraine without Trump: The Telegraph reveals a grim scenario
- Ukrainians were explained how to challenge the decision of the military medical commission: instructions for conscripts