Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Market 'relief' after US court blocks many of Trump's tariffs, analyst says
WCCO-AM / 830 WCCO
Follow
5/29/2025
Stocks were rising on Thursday after a U.S. court blocked many of President Donald Trump’s sweeping tariffs, though the gains got less strong as trading progressed from Asia to New York.
Category
🗞
News
Transcript
Display full video transcript
00:00
The market reaction in the short term, as we've seen, is relief.
00:11
Generally, if tariffs go down, markets are happy.
00:14
And conversely, if we see tariffs going up, markets are not happy.
00:18
But how permanent this turns out to be, certainly in the context of the other measures, which
00:23
haven't been challenged, is really the key question.
00:25
Well, I mean, there's a broad range of tariffs that have been put into place.
00:31
And in particular, if you think about higher tariffs, say, on steel and aluminium, for example,
00:36
those aren't affected by this ruling.
00:38
So you still have tariffs that are in place.
00:41
We're certainly at a level with higher tariff levels now than we had prior to the administration
00:45
coming into power.
00:47
And then it will be the negotiations between the administration and the courts to see whether
00:54
not these ones, particularly around the basis on the unusual circumstances, whether those
01:04
can be put back.
01:06
Perhaps at the same time, we know how important tariffs are to Trump's world view.
01:11
He's been talking about this for decades.
01:13
So as you point out, you imagine the administration is not going to give up.
01:17
And from that point of view, I would think the other countries that are negotiating with
01:20
the U.S. might think is for sticking with the negotiations, because in the end, we imagine
01:25
it is going to be something that the U.S. either can agree or disagree with, depending on
01:30
how the partners react.
Recommended
1:24
|
Up next
Man suspected of shooting 2 Minnesota lawmakers is caught following huge search
WCCO-AM / 830 WCCO
5 days ago
0:56
Stocks extend selloff as China retaliates with tariffs
WCCO-AM / 830 WCCO
4/4/2025
2:01
'We're at war with everyone' analyst says of Trump's tariffs that upended global trade and markets
WCCO-AM / 830 WCCO
4/4/2025
2:40
White House Reacts After Trade Court Rules Against Trump's Tariffs
TIME
5/29/2025
0:52
Trump's tariffs: Court blocks Trump from imposing sweeping tariffs under emergency powers law
Yorkshire Post
5/29/2025
0:35
U.S. Court Blocks Trump's 'Liberation Day' Sweeping Global Tariffs
TaiwanPlus News
5/29/2025
0:51
China Tells US To 'Entirely' Revoke 'Wrongful Unilateral' Tariffs After Court Blocks Trump's 'Liberation Day' Levies
Benzinga
5/29/2025
1:34
Asian markets plunge after the big meltdown on Wall Street
WCCO-AM / 830 WCCO
4/7/2025
0:53
Trump's 'Reciprocal Tariff' Math: A Masterclass In Economic Absurdity
Benzinga
4/3/2025
0:35
Trump Doubles Down on Tariffs, Calls Canada the '51st State' Amid Market Turmoil
Benzinga
3/15/2025
1:21
Trump Tariffs Struck Down By Federal Court — Appeal Filed By Administration
Benzinga
5/29/2025
3:35
US Breaking: Trump’s ‘Blocked’ Tariffs Restored Within 24 Hours; Trump’s Liberation Tariffs Back!
Oneindia
5/30/2025
0:37
Trump's tariffs U-turn: FTSE 100 soars in early trading on Thursday
Yorkshire Post
4/10/2025
3:35
US Breaking: Trump's Tariffs BLOCKED by US Court; Judges Slam Him for Overreach | Trade War Paused?
Oneindia
5/29/2025
2:07
Asian Markets Spooked After Trump Refuses To Rule Out U.S. Recession
TaiwanPlus News
3/11/2025
0:56
Trump's Tariffs Prompt China To Vow 'Countermeasures': Experts See Retaliation Likely
Benzinga
4/3/2025
0:29
Asia Stock Markets Slump After Trump Tariff Announcement
TaiwanPlus News
4/4/2025
1:45
Stocks see biggest single-day drop since 2020 after Trump's tariffs
Insider
4/4/2025
0:53
Trump's tariffs to remain for now, appeals court rules
AWANI
5/30/2025
0:48
Trump Urges Fed To Cut Interest Rates As 'Liberation Day In America' Looms
Benzinga
3/21/2025
1:53
Tariff hikes unnerve Wall Street as trade war seen jolting markets
Bangkok Post Group
2/3/2025
3:41
TRUMP ERUPTS After Trade Court Blocks Tariffs; Slams Judges for ‘Hatred', Shames 'Sleazebag' Leo
Oneindia
5/30/2025
1:42
The Reporter Notebook: Tariffs vs. the Stock Market
Fortune
3/12/2025
0:37
Trump Downplays Slowdown Fears, Calls Market Volatility Part Of Economic ‘Transition’
Benzinga
3/10/2025
2:56
Stocks Surge As Trump Softens On China Tariffs—S&P 500 Heads To 2nd-Biggest Gain Since 2022
Forbes Breaking News
4/23/2025