Tariff uncertainty persists despite US Supreme Court ruling
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Economy Tariff uncertainty persists despite US Supreme Court ruling Jan von Gerich 02-03-2026 Tariff uncertainty has increased again after the Supreme Court found a big part of the US tariffs illegal. New tariffs quickly followed, but it would be premature to expect recent develo
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The desk interprets the recent commentary from UBS, emphasizing that increased trade policy uncertainty poses significant risks to currency valuations. The Supreme Court's ruling against certain IEEPA tariffs, while anticipated, sets a perplexing backdrop with President Trump's more sweeping universal tariffs, rising unexpectedly from 10% to 15%. Per the full note [source], the absence of specific details about exemptions or the implications for revised trade agreements adds to the volatility that traders must navigate in the coming sessions.
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