美国联邦法院阻止加征关税！

Core Viewpoint - The U.S. Federal Court has blocked Trump's tariffs, leading to significant movements in major asset classes, including a rise in the dollar, U.S. stock index futures, and crude oil prices, while gold prices fell sharply [1][9]. Group 1: Court Ruling and Market Reactions - The U.S. International Trade Court ruled that Trump's imposition of comprehensive tariffs under the International Emergency Economic Powers Act was an overreach of authority, as the Constitution grants Congress exclusive power to manage trade with other nations [8][9]. - Following the court's decision, gold prices dropped below $3250 per ounce, while Brent crude oil prices rose above $65 per barrel [1][9]. - The dollar index surpassed 100, with the Japanese yen and other safe-haven currencies declining [4][5]. Group 2: Implications of the Ruling - The court's ruling imposes a permanent injunction against Trump's tariffs until agreements are reached with most other trading partners, effectively suspending most of Trump's tariffs [9][10]. - The lawsuit was initiated by the Liberty Justice Center on behalf of five small U.S. businesses importing goods from targeted countries, claiming that the tariffs would harm their business capabilities [9][11]. - The ruling can be appealed to the U.S. Court of Appeals for the Federal Circuit and potentially to the U.S. Supreme Court [9][10]. Group 3: Broader Context and Historical Trends - The opposition to Trump's tariff policies has gained momentum, forming a legal coalition across states and industries [13]. - Trump's tariff announcements have historically caused market volatility, leading to a trading strategy known as "TACO" (Trump Always Chickens Out), where initial tariff announcements lead to market declines followed by subsequent rollbacks that boost the market [14][15]. - Trump's recent tariff policies have raised concerns about potential insider trading, as they directly influence market expectations and could benefit his supporters or donors [15].