A US federal court ruled that (under the plain language of the law) "non-emergency" tariffs by presidential order are illegal. That means Trump's "reciprocal" tariff policy, Canada and Mexico trade war, and near-universal "baseline" tariffs have been ruled unlawful. Trump complained and his administration immediately appealed but it seems for now they aren't attempting to defy the ruling and have paused the tariffs. Certain other specific tariffs (not all from Trump) remain in effect as do blocks on specified products, particularly of interest here I'm sure being quite a bit of target hardware and software.
Thoughts? Markets are a mess, as they have been since the administration came in. More importantly, business planning remains complicated and mired in ridiculous US politics. Is the ruling going to be sustained by an appeals court and the Republican-leaning SCOTUS irrespective of the law, and when? Is Trump going to care? Is investment still going to continue to suffer anyway because people are spooked? Is the US congress going to step in? Or does it not really matter anymore?
I think the more impactful bit flying besides the tariffs has been the end of the de minimis exception. Modern internet consumerism relies on it, but so do many domestic business models. I have no idea what's going to end up happening with that... I assume for example (perhaps incorrectly in some cases) that Lenovo is its own store and has local inventory, but many small businesses effectively employ drop shipping or use a platform that does the same.