At a glance:
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US Supreme Court struck down Trump’s IEEPA tariffs; Trump responded with flat 15% global tariff
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Refund uncertainty adds fresh legal and policy ambiguity
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USD broadly sold; EUR/USD back above 1.18
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USD/JPY fell sharply toward 154.00
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Gold hit three-week high; oil eased on Globex reopen
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US-Iran talks to resume Thursday, interim deal possibility flagged
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Crypto slid sharply; Bitcoin back below US$65K amid liquidation chatter
Markets entered the session digesting Friday’s major development: the US Supreme Court struck down President Donald Trump’s IEEPA-based tariff regime. In response, Trump announced a new flat 15% global tariff, up from the 10% rate initially flagged. Uncertainty remains over potential tariff refunds, with Trump…
