Trump to Hold Press Conference on Tariff Ruling

Summary

Following a U.S. Supreme Court ruling that found his tariff policies illegal , President Trump announced he would hold a press conference Zhitong. The conference was a response to the verdict, which was seen as a major blow to his signature economic policy . During the press conference, Trump stated his intention to implement a new 10% tariff policy, expected within “about three days” .

Impact Analysis

So the market thought the Supreme Court ruling was a de-risking event for global trade? Trump’s press conference is him telling us the exact opposite. By immediately vowing a new 10% tariff just after the court deemed his policy illegal, he’s signaling that institutional checks won’t stop his agenda . This isn’t just a policy response; it’s a political escalation that injects massive uncertainty back into the market. Forget the legal details—the real takeaway is that trade war risk is back on, and it’s going to be unpredictable.

This is a direct headwind for any company with a global supply chain—think industrials, retail, and autos. It’s also inflationary, which complicates the Fed’s path. The play here is risk-off. I’m looking to buy volatility and short exposed sectors. This isn’t a dip to buy; it’s a signal that the entire risk landscape has shifted.