Bitcoin Rises After Supreme Court Rules Against Trump Tariffs
Summary
Bitcoin’s price rose about 1% to $67,271 following a Supreme Court ruling that most of President Trump’s tariffs exceeded his authority under the International Emergency Economic Powers Act (IEEPA). The Court found the administration’s tariff policy represented an unprecedented expansion of presidential power. Although not all tariffs are affected, Trump’s approach has fueled global economic uncertainty and concerns about inflation, which has benefited assets like gold—up 1.8% to $5,090 per ounce. Trump criticized the ruling but reportedly has alternative plans. The Court’s decision does not automatically require the White House to refund previously collected tariffs; further litigation will determine that outcome.
