FILE PHOTO: U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo
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CNBC TV1820-02-2026, 22:14

Supreme Court Strikes Down Trump Tariffs: Markets React with Gold, Silver, Treasury Yields Up

  • US Supreme Court strikes down Trump's tariff regime, ruling he exceeded authority under IEEPA.
  • Decision reinforces Congressional authority over tariffs, delivering a setback to Trump's trade policy.
  • Global equity markets rallied, and the US dollar weakened slightly as trade policy uncertainty reduced.
  • Gold and silver gained on safe-haven demand amid fiscal and legal uncertainties from dismantling tariffs.
  • US Treasury yields climbed due to investor concerns over potential fiscal deficit widening from lost tariff revenue.

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