New York Trade Court rules chunk of Trump's tariffs illegal, uncertainty looms over future tariffs.

From Investing.com: 2025-05-30 09:59:00

The New York Trade Court ruling a large chunk of President Trump’s tariffs illegal has stirred speculation about the future of tariffs. Uncertainty looms as the administration may de-escalate tariffs or raise them further. Businesses are left grappling with the unpredictability of the situation, with markets concluding that the legal drama does not change the basic tariff story. Meanwhile, in Europe, the ECB meeting next week is expected to result in a 25bp rate cut due to benign inflation. The key question remains on how long this period of benign inflation will last. Trade tensions and domestic fiscal policy also play a role in shaping the economic outlook.



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