Will the Federal Courts Ignite a Stock Market Rally by Nixing Trump's Tariffs?
You might have noticed an interesting phenomenon in recent weeks. News about the implementation of President Donald Trump's tariffs tends to cause the stock market to sink like a brick. However, even the slightest hint that those tariffs will be relaxed or delayed usually causes stocks to rebound.It stands to reason that a complete reversal of the Trump administration's tariffs could serve as a significant catalyst for the stock market. The chances that the president will make such a move on his own seem very low. With the GOP in control of the Senate and the House, don't expect Congress to halt tariffs, either.However, there is one other mechanism for checks and balances built into the U.S. Constitution. Will the federal courts ignite a stock market rally by nixing Trump's tariffs? The answer: It's a definite maybe.Continue reading
You might have noticed an interesting phenomenon in recent weeks. News about the implementation of President Donald Trump's tariffs tends to cause the stock market to sink like a brick. However, even the slightest hint that those tariffs will be relaxed or delayed usually causes stocks to rebound.
It stands to reason that a complete reversal of the Trump administration's tariffs could serve as a significant catalyst for the stock market. The chances that the president will make such a move on his own seem very low. With the GOP in control of the Senate and the House, don't expect Congress to halt tariffs, either.
However, there is one other mechanism for checks and balances built into the U.S. Constitution. Will the federal courts ignite a stock market rally by nixing Trump's tariffs? The answer: It's a definite maybe.