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A federal appeals court has ruled that most of President Trump’s tariffs are illegal, citing executive overreach under a law called the IEEPA.
The 7-4 ruling not only lifted tariffs on steel and aluminum, but could also affect other tariffs. It could limit the president’s ability to impose tariffs in the future.
#Fundamental #Fundamental
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Trump fires labor statistics chief: Trump has fired the head of labor statistics, which is a bad sign. This has raised doubts about the reliability of employment data. From now on, we may have to rely on data like ADP and initial jobless claims, as government data is likely to be affected.
#Fundamental #XAUUSD #wavefx
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