Court vs. Trump’s tariffs: Relief rally or just a 150‑day pause?

Three days after the Supreme Court torpedoed most of Donald Trump’s global tariffs, markets are still cheering the rollback of his 10% import wall and the curb on presidential emergency powers.

Import‑heavy sectors from retail to tech have extended gains on hopes of lower input costs, cooler inflation and even potential refund windfalls running into the billions.

But with Trump already firing back by slapping a fresh 10% tariff under a different law from February 24, investors are now asking whether this is a genuine reset on trade wars - or just a tightly timed 150‑day detour.