S. Supreme Court. According to reports, the Supreme Court rejected Trump's trade tariffs on Friday, prompting a defiant response from the president who insisted the tariffs would remain in place and could potentially be increased by an additional 15 percent.
The market reaction was immediate and widespread. Bitcoin reportedly lost approximately $100 billion in market value during Monday morning trading, representing a 3 percent decline. The cryptocurrency has lost over 25 percent of its value this year alone, with more than half its value erased since its 2025 peak.
the tariffs would remain in place and could potentially be increased by an additional 15 percent
4 percent in early trading. S. Trade Representative Jamieson Greer announced that existing trade agreements would continue to be honored.
The situation has developed into what sources describe as an 'open power struggle' between the executive and judicial branches, creating uncertainty in global markets.
existing trade agreements would continue to be honored