{"id":8643,"date":"2025-05-29T17:26:57","date_gmt":"2025-05-29T11:56:57","guid":{"rendered":"https:\/\/womenly.in\/index.php\/2025\/05\/29\/trend-court-slams-tariff-markets-party-like-its-1999\/"},"modified":"2025-05-29T17:26:57","modified_gmt":"2025-05-29T11:56:57","slug":"trend-court-slams-tariff-markets-party-like-its-1999","status":"publish","type":"post","link":"https:\/\/womenly.in\/index.php\/2025\/05\/29\/trend-court-slams-tariff-markets-party-like-its-1999\/","title":{"rendered":"Trend | Court Slams Tariff, Markets Party Like It\u2019s 1999"},"content":{"rendered":"
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India: <\/b>In a week that felt more like the season finale of a financial drama than routine economic reporting, the U.S. federal trade court just dropped a gavel-shaped bomb on the Trump-era trade playbook. The court ruled that the former president\u2019s \u201creciprocal tariffs\u201d<\/strong> were, in legal terms, <\/span>very much not okay<\/span><\/i>. The decision cited \u201cexecutive overreach,\u201d which is judicial code for \u201cyou can\u2019t just do whatever you want because you feel like it.\u201d<\/span><\/p>\n

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If you\u2019re wondering what a \u201creciprocal tariff\u201d is, imagine a playground where every time one kid gets hit with a water balloon, he throws two back. That was basically Trump\u2019s approach to trade: \u201cYou tax our steel, we tax your everything.\u201d<\/span><\/p>\n<\/blockquote>\n

But now, the court has said, \u201cEnough with the balloon fights.\u201d<\/span><\/p>\n

Markets Gasp, Then Cheer<\/b><\/h3>\n

Wall Street didn\u2019t just breathe a sigh of relief, it popped champagne. Stock futures jumped, the dollar flexed its muscles, Treasury yields climbed like they\u2019d just gotten a shot of espresso, and oil prices slicked upward with optimism.<\/span><\/p>\n

It\u2019s not every day that a judicial decision turns into a global market rave, but investors have been craving a sense of normalcy after years of tariff ping-pong. The court ruling was seen as a green light for smoother international trade and fewer late-night tweet-induced market jitters.<\/span><\/p>\n

The dollar rallied like it was auditioning for a Rocky reboot, strengthening against major currencies as if to say, \u201cLook, we\u2019re stable again.\u201d Meanwhile, oil prices climbed on hopes of better trade flow, because nothing says global optimism like more barrels on the move.<\/span><\/p>\n

The Ripple Effect: Chips, Stocks, and Skincare<\/b><\/h3>\n

The aftershocks of the court ruling didn\u2019t stop at macro indicators. They rolled straight into corporate earnings season, where some players stood tall while others stumbled in high heels.<\/span><\/p>\n

Nvidia<\/b>, the poster child for AI-induced investor mania, shrugged off tariff turbulence with all the grace of a GPU-powered juggernaut. Revenues surged thanks to relentless demand for its AI and data center gear. While politicians were arguing over global trade, Nvidia was quietly counting billions.<\/span><\/p>\n

Salesforce<\/b>, meanwhile, reminded everyone that cloud computing isn\u2019t just for storing cat photos. Strong earnings and a bullish forecast lifted its shares, as if to say, \u201cUncertain economy? We prefer recurring revenue.\u201d<\/span><\/p>\n

Not to be outdone in the drama department, <\/span>E.l.f. Beauty<\/b> went full glam by announcing a $1 billion acquisition of <\/span>Rhode<\/b>, the skincare brand owned by none other than Hailey Bieber. With this move, E.l.f. is essentially buying a Gen Z passport. Because when in doubt, slap a Bieber on it.<\/span><\/p>\n

India: The Good, the Bad, and the Dividend<\/b><\/h3>\n

Back in India, corporate earnings painted a mixed picture.<\/span><\/p>\n

Bata India<\/b>, the iconic shoemaker, reported a 28% drop in quarterly profit, perhaps because no one wants new shoes when the economic floor feels shaky. Still, it boldly declared a dividend, as if to whisper, \u201cDon\u2019t worry, we\u2019re not going barefoot anytime soon.\u201d<\/span><\/p>\n

IRCTC<\/b> was on the express track, with profits jumping 26% thanks to strong catering and tourism demand. It turns out, people still love trains, especially when they serve samosas and hot chai.<\/span><\/p>\n

Deepak Nitrite<\/b>, the unsung hero of specialty chemicals, saw its share price spike after a strong Q4. Turns out, chemicals may not be sexy, but they sure are profitable.<\/span><\/p>\n

Meanwhile, <\/span>IndusInd Bank<\/b> found itself in hot regulatory soup after SEBI banned its ex-CEO and four others. Governance concerns are like a stubborn pimple, hard to hide and very bad for your reputation.<\/span><\/p>\n

Trump: Not Done Yet<\/b><\/h3>\n

Just when you thought Trump had exited stage left, he reappeared with a plot twist. The former president has now urged U.S. chip design software companies to stop selling to China. If you\u2019re keeping score, that\u2019s a pretty serious escalation in the tech cold war. The message? \u201cIf we can\u2019t win the race, let\u2019s unplug your router.\u201d<\/span><\/p>\n

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Analysts fear this could rattle already fragile semiconductor supply chains, which are about as stable as a tower of Jenga blocks on a moving truck.<\/span><\/p>\n<\/blockquote>\n

What Now?<\/b><\/h3>\n

The court\u2019s ruling is not just a legal slap on the wrist. It potentially sets a precedent for limiting the powers of future presidents who might treat international trade like a personal chess match. It\u2019s a wake-up call that, no, you can\u2019t just drop a tariff on a whim and call it diplomacy.<\/span><\/p>\n

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Financial markets welcomed a U.S. Court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.https:\/\/t.co\/0uFytwdQxc<\/a><\/p>\n

\u2014 The Hindu (@the_hindu) May 29, 2025<\/a><\/p>\n<\/blockquote>\n