Trump warns says that tariffs are “huge” for stock market

President Donald Trump Friday was warned by US courts from blocking it Tariff policyReferring to his “positive influence” on the stock market and saying that such a step can cause a serious economic downturn.

“If at this late date ruled on a radical left court against us, trying to knock down or violate the greatest amount of money, the creation of wealth and the impact on the US, which, if -saw, would be impossible to recover or return, these massive amounts of money and respect,” Trump, “Trump,” wrote about his truth social Platform on Friday morning.

“It would be 1929 again, great depression,” he added.

Trump’s comments come as a federal appeal court Listening arguments About how to cope with your tariff policy. Former Speaker of the House of Representatives Paul Ryan said CNBC this week that the Supreme Court may ultimately deprive the obligations that were prescribed in accordance with the law on international emergency economic powers adopted by Congress in 1977.

“If they would manage the wealth, power and power of America, they had to do so long ago, at the beginning of the case, if all our country, without having to such greatness, would not be put in style in 1929,” Trump said of the potential actions of the courts around the tariffs. “There is no way that America is unable to recover after such a judicial tragedy.”

The legal problems of introduction to the White House of Higher US tariffs were focused on arguments that they could exceed the emergency powers provided by the Congress of the President in the 1970s. However, Alan Wolf, senior officer of the International Economy Institute of Peterson, said in report This week, when these levies were beaten, it would lead to a “large number of red tape” around who will receive money.

“It’s a bell that can’t be easily unleashed,” Wolf said.

Influence on the market

Trump said the tariffs had a “huge positive effect” on the stock market. The markets this year turned out to be positive when the White House scored tariffs and reacted negatively when Trump pressed the case to higher import duties in the US

For example, if Trump has suspended the initial tariffs on “Liberation Day” in early April for the next 90 days, Nasdaq Composite In a few minutes, 7%increased, and other major market market also accommodated big profits this week. Since then, the market has seen that specific sectors have jumping every time Trump has abandoned purposeful threats, such as semiconductor imports. Companies like Amd and Marvellas and as AppleThen posted solid income with responsibilities that provide extensive exceptions to any company that announces plans to add production to the US

However, rallies are often looked after because the president often changed the broadcasts at its tariff rhetoric. The markets have recently been more stable around tariff news, and investors are considering president’s views as constantly being changed.

– Jeff Cox and Scott Schnipp reported, CNBC