US court picks up Trump's tariffs-stock exchanges cheer, Trump threatens to return!

US court picks up Trump's tariffs-stock exchanges cheer, Trump threatens to return!

USA - A US trade court recently decided to declare a large part of the punitive tariffs introduced by Donald Trump and to permanently prohibit their application. This judgment brought positive reactions on the stock exchanges worldwide, especially in the USA and Europe. The US dollar gained value compared to the Swiss franc and the Japanese yen, while the US stock futures for Dow Jones, Nasdaq and S&P 500 increased by about 1 percent.

The DAX also recorded price gains in Germany and increased by almost 112 points (approx. 0.5 percent). However, this decision was not directly important for German export goods such as steel, aluminum and cars that still suffer from the existing tariffs. Analysts from Goldman Sachs found that the judgment only affects the flat -rate tariffs of 10 percent that were raised to a large number of imports.

reactions and legal steps

The US government is planning to appeal against the judgment, although there is also the possibility of an urgent application to initially suspend the decision. Trump's chief of staff described the court ruling as "justice coup". The lawsuit had been submitted by the Liberty Justice Center and twelve US states that felt disadvantaged by customs policy.

Analysts also see several legal ways for Trump to introduce new tariffs. These options include:

• Section 122 of the Trade Act from 1974 - an increase in customs from 10 to 15 percent, possible at short notice.
• Section 301 of the Trade Act from 1974 - Official investigations against trading partners to justify new tariffs.
• Section 232 of the Trade Expansion Act from 1962 - Introduction of new tariffs in the event of endangering national security.
• Section 338 of the Tatiff Act from 1930 - punitive tariffs of up to 50 percent on imports from discriminatory countries.

economic context

Trump had justified the existing tariffs with a high trade deficit of around $ 1.2 trillion for 2024. However, many experts doubt the effectiveness of these tariffs, since no significant relocation of production chains has taken place and economic growth has largely stagnated in recent years. The EU is now becoming increasing pressure after Trump has announced new penalty tariffs of 50 percent that could come into force by July 9, 2024 if no agreement is reached.

Developments related to US customs policy could have a significant impact on international trade. This is particularly relevant in the context of the upcoming US elections in 2024, where economic policy could also play a central role. frekn.de reports on the current reactions, while SPIEGEL Other details on the legal situation. You can also find a comprehensive analysis of the economic situation in Iw-report .