The Federal Court’s decision to strike down President Donald Trump‘s tariffs could have a widespread effect on the economy, stock market and individual companies, which were starting to settle with the idea of higher duties.
What Happened: Considering the same level of imports from 2024, the Kobeissi Letter has calculated a rough amount of $10 billion in tariff revenue that the U.S. must have collected since April 2, so far.
This includes the 10% baseline tariff on all countries as well as the higher rates imposed on select countries.
Thus, if the Federal Court orders are upheld despite the Trump administration’s appeal, the government would have to refund an amount of around $10 billion to its trading partners.
However, any judgment via the appeal process could come by mid-to-late June 2025, predicts Craig Shapiro, a macro strategist at Bear Traps Report.
“If they are granted the stay, they get to keep collecting the tariffs during the appeal process, says Shapiro and “If not, they are kinda screwed on all subsequent negotiations with trading partners and will have that huge hole in the budget process that was meant to help pay for tax cuts.”
Additionally, in another X post, he explains that the appeal process will induce more uncertainty, which already existed because of the tariff regulations and the tax bills. This will eventually impact corporate strategy, as there would be no clarity.
“We can assume all trade negotiations and deals are off …
Full story available on Benzinga.com
The Federal Court’s decision to strike down President Donald Trump‘s tariffs could have a widespread effect on the economy, stock market and individual companies, which were starting to settle with the idea of higher duties.
What Happened: Considering the same level of imports from 2024, the Kobeissi Letter has calculated a rough amount of $10 billion in tariff revenue that the U.S. must have collected since April 2, so far.
This includes the 10% baseline tariff on all countries as well as the higher rates imposed on select countries.
Thus, if the Federal Court orders are upheld despite the Trump administration’s appeal, the government would have to refund an amount of around $10 billion to its trading partners.
However, any judgment via the appeal process could come by mid-to-late June 2025, predicts Craig Shapiro, a macro strategist at Bear Traps Report.
“If they are granted the stay, they get to keep collecting the tariffs during the appeal process, says Shapiro and “If not, they are kinda screwed on all subsequent negotiations with trading partners and will have that huge hole in the budget process that was meant to help pay for tax cuts.”
Additionally, in another X post, he explains that the appeal process will induce more uncertainty, which already existed because of the tariff regulations and the tax bills. This will eventually impact corporate strategy, as there would be no clarity.
“We can assume all trade negotiations and deals are off …
Full story available on Benzinga.com
The Federal Court’s decision to strike down President Donald Trump‘s tariffs could have a widespread effect on the economy, stock market and individual companies, which were starting to settle with the idea of higher duties.
What Happened: Considering the same level of imports from 2024, the Kobeissi Letter has calculated a rough amount of $10 billion in tariff revenue that the U.S. must have collected since April 2, so far.
This includes the 10% baseline tariff on all countries as well as the higher rates imposed on select countries.
Thus, if the Federal Court orders are upheld despite the Trump administration’s appeal, the government would have to refund an amount of around $10 billion to its trading partners.
However, any judgment via the appeal process could come by mid-to-late June 2025, predicts Craig Shapiro, a macro strategist at Bear Traps Report.
“If they are granted the stay, they get to keep collecting the tariffs during the appeal process, says Shapiro and “If not, they are kinda screwed on all subsequent negotiations with trading partners and will have that huge hole in the budget process that was meant to help pay for tax cuts.”
Additionally, in another X post, he explains that the appeal process will induce more uncertainty, which already existed because of the tariff regulations and the tax bills. This will eventually impact corporate strategy, as there would be no clarity.
“We can assume all trade negotiations and deals are off …Full story available on Benzinga.com Read MoreAaron Rubin, Analyst Color, Craig Shapiro, Donald Trump, Economy, Equities, federal court, Government, judegment, Kobeissi Letter, Macro Economic Events, Macro Notification, Market Summary, Marko Kolanovic, News, Peter Schiff, QQQ, Regulations, SPY, Tariff, tariffs, Tax Cuts, Broad U.S. Equity ETFs, Futures, Economics, Markets, Analyst Ratings, ETFs, General, SPY, US78462F1030, QQQ, US73935A1043, Macro Notification, News, Analyst Color, Equities, Government, Regulations, Macro Economic Events, Market Summary, Broad U.S. Equity ETFs, Futures, Economics, Markets, Analyst Ratings, ETFs, General, Benzinga Markets
