🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Federal Ruling Against Trump’s Tariffs Sparks Debate Over Market Stability - Crypto Economy
TL;DR
On May 28, a federal court determined that President Trump exceeded his constitutional powers with the tariffs he labeled as “Liberation Day.” The decision, declaring that the tariffs bypassed Congress, has ignited a debate over the proper scope of executive power in shaping trade policy and its impact on market stability. As the legal battle continues, uncertainty grows among investors.
Judicial Blow to Tariff Overreach
The court’s verdict marks a pivotal turning point in the struggle between presidential authority and legislative oversight. Intended as a bold move to bolster domestic manufacturing and reduce trade deficits, the controversial tariffs instead unleashed immediate criticism and concern.
Critics argued that the measures imposed harsh economic burdens on international partners while undermining long-standing checks and balances.
Despite the White House’s swift appeal, which defends the tariffs as necessary in times of emergency, the decision has cast doubt on the executive branch’s ability to enact sweeping trade measures without congressional approval. This ruling could reshape the framework for future policy decisions and limit the use of emergency powers in trade disputes.
Market Reactions Amplify Uncertainty
The judicial blow comes against a backdrop of already turbulent markets. Just days before the ruling, Bitcoin reached an all-time high of $112K before curbing its surge amid volatile tariff announcements.
The imposition of a 50% tariff on EU goods had sent shockwaves through both traditional and digital asset markets, forcing a temporary delay in implementation until July 9. Social media buzz and rapid shifts in investor sentiment further compounded the uncertainty, leaving market participants bracing for potential corrections.
As traders digest the implications of this legal setback, many question whether such drastic policy moves will undermine economic confidence or eventually pave the way for a more stable, balanced trade environment.
Looking ahead, the appeal outcome will likely reshape trade relations and market safeguards. With stakeholders in over 60 countries watching closely, the ruling raises important questions about the balance between political authority and market stability. Market watchers remain alert.