Economic Growth - GDP growth for Q4 was unexpectedly weak at 1.4% annual rate, down from 4.4% in Q3 and 3.8% in Q2, indicating a significant slowdown [1] - Private domestic final sales, a core component of GDP, were at 2.4%, which was lower than anticipated [1][2] Investment and Consumption - Despite the weak GDP, there are signs of strong economic activity with rising production and manufacturing, suggesting a potential for a 4% economy [3][4] - Business capital expenditure (capex) and durable goods orders are increasing, which is promising for future productivity [4][5] Employment Concerns - There are worries about the disconnect between economic growth and employment, with the unemployment rate currently at 4.3% [5][6] Market and Regulatory Environment - The stock market remains strong, and corporate profits are robust, indicating positive economic conditions for the future [6] - Recent Supreme Court rulings have introduced uncertainty regarding tariffs and refunds, which may impact individual companies differently [7][9][12] Trade Policy - The current administration's trade policies, including tariffs, are expected to remain in place, with a focus on reciprocity in trade agreements [10][14] - American businesses are noted for their agility and adaptability in response to changing trade landscapes [13]

Core Insights - The Supreme Court's ruling against President Trump's tariffs has prompted him to announce a new global 10% tariff on all countries, utilizing different legal mechanisms [1][2][4] - The new tariff will be implemented under Section 122 of the Trade Expansion Act, allowing tariffs to address trade imbalances for up to 150 days, and Section 301 investigations will be initiated against several countries for unfair trade practices [3][7] - The ruling has resulted in a decrease in the effective tariff rate for Americans, dropping from 16% to 13%, with Trump indicating intentions to raise tariffs back to previous levels or higher [6][7] Economic Implications - The introduction of new tariffs adds uncertainty to an already unpredictable trade policy environment, highlighting the limitations of Trump's remaining tariff powers following the Supreme Court's decision [4][5] - Investigations under Section 301 may take months to complete, contrasting with Trump's previous rapid tariff announcements and adjustments, which were often communicated via social media [5] - Economists have noted that while the administration can reimpose tariffs, the immediate power to do so is not as broad as it was under the International Emergency Economic Powers Act (IEEPA) [5]

Core Viewpoint - The Supreme Court's ruling to invalidate the president's key trade policy will lead to increased uncertainty and contribute to the government's debt [1] Group 1 - The decision is expected to have significant implications for trade relations and economic stability [1] - The ruling may affect various industries reliant on the trade policy, potentially leading to disruptions [1] - Increased government debt could result from the economic fallout of the decision, impacting fiscal policies [1]

So, we've got some more breaking news. So, Treasury Secretary Scott Bessett is down at the Dallas Economic Forum right now and he's speaking and that's where these headlines are coming out. This, of course, has, as you can imagine, dominated the conversation at the forum.As I mentioned with EJ Anton, the Treasury Secretary saying uh that basically uh you use the section 122 authority that is from the trade act of 1974. He said you combine that with parts of the of section 232 and section 301 uh and that the ...

All right, folks. Trump's reciprocity tariffs are going to continue anyway. And that's the subject of the riff.If you think tariffs came to an end with today's Supreme Court decision, think again. If you think President Trump's whole reciprocal trade policy came to an end, think again. Now, if you think Justice Brett Kavanaaugh's descent was a great idea, well put, you hit the nail on the head.Of course, I'm not a lawyer, but it just seems to me if the International Emergency Economic Powers Act of 1977, ni ...

The Supreme Court on Friday struck down a crucial batch of President Trump’s tariffs – but there are still plenty of high levies on certain industries that will stay in place.Tariffs imposed under the International Emergency Economic Powers Act (IEEPA) to crack down on trade imbalances and fentanyl smuggling surpassed Trump’s presidential authority, the Supreme Court ruled in a 6-3 decision.The ruling does not, however, discard tariffs enacted by the Trump administration using Section 232 of the Trade Expan ...

One thing I have to say about the tariffs is that it is focused back on manufacturing jobs, on creating a level playing field with respect to trade. So I think that having the president put the spotlight on the uneven and unfair tariffs that we have with other countries is an important thing. I haven't read the decision of the Supreme Court as of yet, but my understanding is that the decision says that Congress should be the governmental entity that provides for tariffs and fixes tariffs rather than the exe ...

The S&P 500 (SNPINDEX:^GSPC) rose 0.69% to 6,909.51 today as a Supreme Court tariff ruling sparked a broad relief rally despite mixed macro data. The Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.90% to 22,886.07, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.47% to 49,625.97. Market movers Tariff beneficiaries rallied, with e‑commerce names like Wayfair (NYSE:W), Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY), and Etsy (NYSE:ETSY) all climbing. Etsy gained 8.39% to close at $52.18 after its Q4 ...

It is refreshing to witness the US supreme court recover its spine and stand up to Donald Trump’s most extreme caprices. The 6-3 decision on Friday to strike down his barrage of tariffs on imports from virtually everywhere based on the preposterous argument that they addressed national emergencies will reassure the world that the US’s system of government – based on the separation of powers, checks and balances, and the rule of law – has not collapsed entirely.But let’s hold the (imported) champagne. The co ...

The Supreme Court's decision to strike down many of President Donald Trump's tariffs is a massive blow to the president's agenda — but for cost-conscious consumers, the immediate impact could be more economic question marks, with few price cuts in store. ...