All right, today a defiant Donald Trump claimed that he could bypass the Supreme Court's decision that ruled that his use of the International Emergency Economic POWERS ACT TO IMPOSE TARIFFS WAS ILLEGAL. THE GOOD NEWS IS THAT THERE ARE METHODS, PRACTICES, STATUTES AND AUTHORITIES AS RECOGNIZED BY the entire court in this terrible decision, and also is recognized by Congress, which they refer to, that are even stronger than the IEPA tariffs available to me as president of the United TAKE A LOOK AT THE STATES ...

It's going to set us on a whole new prosperous path. >> Right over there. >> Just a little while ago, the US Supreme Court announced it had struck down President Trump's tariffs.>> I want to be very well behaved. I didn't want to do anything that would affect the decision of the court because I understand the court. I understand how they're very easily swayed.I want to be a good boy. >> The vote was six to three, three justices dissenting. Um and this could affect potentially $170 billion dollar worth of ta ...

Group 1 - The US Supreme Court ruled that Donald Trump's tariffs on foreign imports were illegal, stating he exceeded his authority and should have sought congressional approval [2][3] - The tariffs affected a wide range of countries, including the UK, China, Canada, Mexico, Japan, and EU nations, and were implemented under the International Emergency Economic Powers Act (IEEPA) [2][3] - Experts believe Trump is unlikely to abandon his tariff strategy and may explore alternative tariff regimes or trade barriers to replace lost income [4][5] Group 2 - Tariff revenues for the previous year are estimated between $240 billion and $300 billion, primarily impacting US manufacturers and consumers [7] - It is suggested that US firms have borne 90% of the tariff costs, which have largely been passed on to consumers through price increases [8] - The UK's Department for Business and Trade stated that the ruling does not affect the preferential trade deal negotiated with the US, which includes reduced tariffs on steel and automobiles [10][11] Group 3 - The European Commission is analyzing the ruling carefully, emphasizing the need for stability and predictability in the trading relationship between the US and EU [11][12] - The German confederation of industries noted that the ruling sends a strong signal for a rules-based trade order [12] - The EU parliament may pause the ratification of a trade deal with the US again based on fresh legal grounds, following previous interruptions related to tariff threats [13]

Aean Javvers in DC's had a chance to look through the decision and maybe get us a count as well. Aean. >> Yeah, Carl, that's right.The Supreme Court has now ruled against the president of the United States on this issue of whether his tariffs of 2025 were legal or not. Here's the key sentence from the ruling. The Supreme Court says the judgment of the United States Court of Appeals for the Federal Circuit, that is the lower court in this case, is affirmed.Now remember uh the lower court said that AIPA the l ...

Jennifer, can I just get your initial thoughts to this decision from the Supreme Court. Well, I would agree with Senator Schumer that this is a big victory for American consumers. But I would argue from a legal perspective that it's an even bigger victory for the U.S. Constitution, because what this is basically saying is the court is acknowledging that the Constitution gives to the Congress, not to the president, the power to impose tariffs.And so this ruling is saying that the president cannot use this ty ...

JUST IN: 🇺🇸🇨🇳 US trade deficit with China falls to lowest level in over 20 years. ...

In today’s India Edition, Menaka Doshi looks at the emerging details of the trade deal with the US https://t.co/Iuv0TSaOOY ...

The US has agreed to remove a 25% additional tariff imposed on India for buying Russian oil, an official in New Delhi familiar with the matter said. https://t.co/WnBnHyJex8 ...

Market Reactions - The announcement of Kevin Warsh as the next Federal Reserve Chair led to initial market volatility, with the Dow Jones Industrial Average (DJIA) dropping 139.16 points (0.28%) before recovering to close up 55.96 points (0.1%) at 49,071.56 [3][11] - The S&P 500 (SPX) experienced fluctuations, closing down 0.4% at 6,939.03 after earlier dipping as much as 1.1% [3][11] - The NASDAQ Composite (IXIC) ended the day down 0.7% at 23,685.12, marking a mixed market response overall [3][11] Commodity and Bond Market Impact - Gold prices fell over 4% to $5,115.60, while silver dropped nearly 13%, indicating a shift in investor sentiment [4] - The 10-year Treasury yield increased to 4.25% from 4.24%, reflecting changing bond market dynamics [4] Trade Policy Developments - President Trump's executive order on January 30, 2026, imposed tariffs on nations supplying oil to Cuba, causing immediate fuel shortages in Havana and raising concerns about a humanitarian crisis [7][8] - The price of WTI Crude Oil saw a slight decrease of 0.29% to $65.27, with potential long-term risk premiums of 8-15% anticipated due to supply constraints [8] Aviation Sector Reactions - The threat of a 50% tariff on Canadian-made aircraft, particularly affecting Bombardier, led to a 9% drop in Bombardier shares on January 30, 2026 [10] - The aviation sector reacted negatively to the announcement, with experts expressing skepticism about the tariffs' implementation but acknowledging the significant financial implications [10] Overall Market Trends - Despite the tumultuous events, the DJIA recorded its ninth consecutive month of gains, while the SPX ended January with its eighth positive month in nine [11] - The IXIC, however, closed lower for the month, breaking a seven-month winning streak, indicating varied performance across indices [11] - Trading volume on January 29, 2026, was notably high at 23.36 billion shares, suggesting active investor engagement amid policy uncertainty [12]

Group 1: Business Participation - Nearly 60 British businesses and cultural organizations are accompanying U.K. Prime Minister Keir Starmer on his trip to China, marking the first state visit in eight years [1] - The delegation includes leaders from the financial industry, such as HSBC Group Chairman Brendan Nelson and Aberdeen Group CEO Jason Windsor [2] - Executives from major companies in the aerospace and pharmaceutical sectors are also part of the group, including Airbus's general counsel John Harrison and AstraZeneca CEO Pascal Soriot [2] Group 2: Context of the Visit - The visit occurs amid a series of foreign leaders visiting Beijing, highlighting China's diplomatic engagements amidst escalating tensions with the U.S. and disputes involving trading partners [3] - Recent visits by other foreign leaders, including Canada's Prime Minister Mark Carney and Ireland's Prime Minister Michael Martin, indicate China's active diplomatic efforts [3]