Boomers, Maybe Our Rollercoaster Ride Is Over, For a While - Court Strikes Down Tariffs
The global mood is jolly enough to make stock markets soar. Here in the US, as of about 9 PM New York time, futures are up 400.
The headline in the Daily Mail reads:
"Trump's tariffs dealt catastrophic blow as judge rules
worldwide trade levies 'illegal'"
Here's what happened. As you might recall a number of Democrat-led states and groups of small businesses filed lawsuits. They contended that US President Donald Trump has relied on emergency powers to make a rationale for the levies. Well, a panel at the New York-based Court of International Trade sided with the plaintiffs.
Boomers can get off the rollercoaster in their preoccupation with investments. Those might have to last into the 90s and beyond. Dick Van Dyke is 99.
But the reprieve could be temporary. President Trump intends to appeal the ruling. He contends unelected judges can't be messing with what it takes to make America great again.
Watchers project this could wind up in the US Supreme Court.
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