On Wednesday, US Federal court decided to strike down Trump tariffs, right from the “Liberation Day’ last month, citing the overreach of power. The U.S. Court of International Trade further stated that under the economic emergency laws, President Trump lacks the authority to unilaterally impose global tariffs. This might help ease the ongoing trade tensions while allowing the Federal Reserve to boldly make decisions by eliminating uncertainties. Crypto market veteran Arthur Hayes believes that it’s time to ‘buy everything’.
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