Tariffs …. Good or Bad?

[Doctor Steuss]

Currently the Bond market, and US Dollar index seem to be stabilizing somewhat. Dollar is still down almost 10% so far this year, and NASDAQ essentially erased an entire year of gains. Municipal bonds are still looking a little problematic, but as long as overall capital flight has steadied out, we might be able to weather this without too much more long-term damage.

The trifecta of stocks, bonds, and US dollar all moving in a sell-off direction at the same time wasn't particularly good for the ole ulcers.

[tdtwedt]

Futures Soar As Federal Trade Court Blocks Trump's Global Tariffs

A US federal court has just ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs.

The ruling from a three-judge panel came after several lawsuits arguing Trump has exceeded his authority, left U.S. trade policy dependent on his whims and unleashed economic chaos.

At least seven lawsuits are challenging the tariffs, the centerpiece of Trump’s trade policy.

The ruling can now be appealed by the Trump administration in federal court.

https://www.zerohedge.com/geopolitical/ ... al-tariffs

[tdtwedt]

EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%

The European Union criticized U.S. President Donald Trump’s move to hike tariffs on steel imports, saying it “adds further uncertainty to the global economy.”

Trump announced Friday he was doubling tariffs on steel imports to 50% from 25%.

An EU spokesperson said it is “prepared to impose countermeasures, including in response to the latest U.S. tariff increase.”

“If no mutually acceptable solution is reached, both existing and additional EU measures will automatically take effect on 14 July—or earlier, if circumstances require,” the spokesperson said.

https://www.cnbc.com/2025/05/31/eu-resp ... rcent.html