4 ms·

>>August 19, 2025

• notmyjob 1y ago
  The tarrifs may be ruled unconstitutional in November and the bond market might react abruptly if the US has to pay back much of the 150 billion or so collected from tariff payers so far. The Supreme Court hears the case on November 6th. If the tarrifs are a reason to maintain the bond rating, their sudden removal and the requirement to pay them back will be semi-catastrophic depending on who you ask. Lutnick laughs at the idea when pressed on CNBC, while Trump says it would be catastrophic for the country. (Lutnick claims to be out of the market but has said that Cantor-Fitzgerald has a “shit ton” of bitcoin, which could explain that divergence of sentiment regarding the upcoming hearing.)