Marketplace All-in-One Tariff ruling boosts global markets
May 29, 2025
A recent court ruling has sparked a rally in global markets as it challenged Trump's tariffs, bringing a wave of optimism among investors. Meanwhile, the podcast delves into Colombia's precarious situation for labor union members, highlighting the violence they face despite support from the new left-wing president. Economic reforms in the UK aimed at pension funds also draw attention as a potential model for fostering local investments.
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Court Limits Tariff Powers
- A U.S. court ruled President Trump overstepped his authority on tariffs, boosting global markets.
- The court confirmed only Congress can regulate international commerce, affecting U.S. trade policy.
UK Pension Fund Overhaul
- The UK plans to create huge pension funds modeled on Australia and Canada to drive local investment.
- This strategy encourages investment in growth assets rather than risk reduction, which may boost retirement savings.
Oil Market Responds to Tariff Ruling
- Oil prices rose and fears of global slowdown eased after the U.S. court tariffs ruling.
- Markets also anticipate an upcoming OPEC Plus meeting which might increase oil production in July.