Industry reaction to US Supreme Court ruling on Trump's global tariffs | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Feb 20 (Reuters) - Businesses and industry groups [hailed] the U.S. Supreme Court's move to [overturn] Donald Trump's emergency tariffs, a ruling that brings relief but leaves companies bracing for the complicated refund process ahead.Here are some comments from industry groups and companies:Sign up [here.]## STEVE ...

Tim Cook, chief executive officer of Apple Inc., during the 60th presidential inauguration in the rotunda of the US Capitol in Washington, DC, US, on Monday, Jan. 20, 2025.Apple's tariff bill has racked up about $1 billion per quarter, but that number should start shrinking following the Supreme Court decision on tariffs.The Supreme Court on Friday struck down a large chunk of President Donald Trump's far-reaching tariff agenda, delivering a major rebuke of the president's key economic policy. Apple has pai ...

A coalition of over 800 small businesses that were bruised by President Trump’s global tariffs is calling for refunds after the Supreme Court struck them down on Friday.The group, called We Pay the Tariffs, is demanding “full, fast and automatic” refunds – though Trump suggested in a heated press conference the idea is a non-starter.“Our coalition members, who through hard work, late nights, and sweat equity built local businesses, have paid billions in tariffs that never should have been imposed,” the anti ...

7 Potential Trades Following Supreme Court's Tariffs RulingTariffs continue to be the wild card swaying markets, but traders can agree that it clears a pathway for potential ideas. The Supreme Court's [landmark ruling] that struck down presidential tariff authority could create a high-velocity trading environment—a perfect setup for [Direxion's suite of leveraged-inverse ETFs].## Single-Stock ETFs to WatchThe byproduct of the Supreme Court ruling could be trade barriers shifting aggressively at the sector-s ...

Wow, that's a lot of people. That's a new record. We set a record every time. Well, thank you very much for being here. The Supreme Court's ruling on tariffs is deeply disappointing and I'm ashamed of certain members of the court, absolutely ashamed for not having the courage to do what's right for our country. I'd like to thank and congratulate justices Thomas, Alito, and Kavanaaugh for their strength and wisdom and love of our country, which is right now very proud of those justices. When you read the dis ...

Core Viewpoint - Lower tariffs would be beneficial for markets, but other factors are causing hesitation among investors [1] Group 1 - The potential for reduced tariffs is seen as a positive development for market conditions [1] - Despite the tariff reduction, uncertainties in the economic environment are keeping market participants cautious [1] - Investors are weighing the implications of tariff changes against broader economic indicators [1]

Wall Street is keeping calm Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks are drifting in mixed trading.The S&P 500 was 0.1% higher in midday trading. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation.The Dow Jones Industrial Average was down 125 points, or 0.3%, ...

Bloomberg Gold advanced as the dollar slid, with investors weighing the White House’s next steps on tariffs after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs. The Supreme Court said Trump exceeded his authority by invoking a federal emergency powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes. The ruling invalidates a large portion of the tariffs that Trump has rolled out in his second term. The ruling implied that the US ...

President Donald Trump said Friday he will sign an executive order imposing a new 10% "global tariff," hours after the Supreme Court struck down his sweeping "reciprocal" import duties in a major rebuke of his trade agenda.The new "Section 122" tariffs will come on top of the existing levies that remain intact following the high court's decision, Trump said as he raged at the "deeply disappointing" ruling during a White House press briefing."I'm ashamed of certain members of the court, absolutely ashamed fo ...

Other alternatives will now be used to replace the ones that the court incorrectly rejected. We have alternatives. Great alternatives could be more money will take in more money and will be a lot stronger for it.We're taking in hundreds of billions of dollars. We'll continue to do so. To show you how ridiculous the opinion is, however, the court said that I'm not allowed to charge even $1.I can't charge $1. Can't judge a dollar. I would have used one penny.But we don't make the pennies anymore. We save mone ...