MRKT Matrix Stocks Rally As SCOTUS Grills Trump's Tariff Plans
Nov 5, 2025
Stocks surged as the Supreme Court questioned Trump's tariff authority, boosting automakers and commodities. Almost half of U.S. imports are under tariffs, raising concerns about trade dynamics. China’s grip on key industries like drugs and chips poses a significant threat to U.S. supply chains. Deutsche Bank is exploring strategies to hedge against AI-related lending risks. Meanwhile, a warning emerges about the potential bubble in AI-driven advertising affecting tech giants.
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Court Doubt Lifts Market Sentiment
- The Supreme Court's skepticism about Trump's tariff authority lifted markets and rallied cyclicals like autos and industrials.
- Traders cut bets that broad IEEPA-based tariffs would survive, boosting stocks tied to trade exposure.
Tariffs Now Hit Almost Half Of Imports
- Nearly half of U.S. imports now face Trump-era tariffs, reshaping global trade patterns.
- A ruling against the tariffs could remove a core presidential trade tool but leave targeted industry duties intact.
China's Supply Chain Leverage Is Broad
- China's control of key supply chains gives it strategic leverage across batteries, mature chips, and pharmaceuticals.
- Export controls and dominant production in materials like cobalt and gallium magnify Beijing's influence on global industries.