Trump Tariffs Blocked By US Court — ”Buy Everything,” Says Arthur Hayes
A US federal court has blocked Donald Trump’s sweeping ”Liberation Day” tariffs, calling them an overreach of presidential power and prompting BitMEX co-founder Arthur Hayes to say it’s time to “buy everything.” The US Court of International Trade’s decision covers the 10% baseline tariffs Trump applied to all nations, as well as the higher rates imposed on certain countries. If the US court upholds its decision on the tariffs, it could lead to the refunding of all tariffs collected since April 2 this year, which might amount to around $10 billion, according to The Kobeissi Letter. China, which engaged in a heated tariff war with the US, will alone receive $3.5 billion in refunds if the decision holds. The development prompted Hayes to tweet on X that it’s time to ”buy everything.” US Appeals Court Decision On Trump Tariffs Still, the Trump administration has already appealed the court’s decision. ...
