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In the Oval Office of the White House, U.S. President Trump announced that the administration will seek an expedited ruling from the Supreme Court on the global tariff case, with the aim of overturning a federal court decision deeming multiple tariffs as illegal. He underscored the significance of the current trade policy and disclosed that an appeal to the Supreme Court could be filed as soon as Wednesday. Trump cautioned that if the appellate court's decision is upheld, it would have severe repercussions for the nation. He attributed the stock market's decline to the market's need for tariff measures, although market analysts highlight corporate bond issuance and budget concerns in developed countries as the primary drivers behind the downturn.
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