Trump warns that the definitions are “great positive” to the stock market

president Donald Trump On Friday, the courts warned us not to prevent him Customs tariff policyNoting its “positive impact” on the stock market and saying that this step can cause severe economic contraction.

“If the left -wing left -wing court rules against us on this late date, in an attempt to drop or disturb the largest amount of money, create wealth and influence the United States, it will be impossible to recover or pay these huge amounts of money and honor,” Trump. ” He wrote about his social reality Friday morning.

“It will be in 1929 again, and it is a great depression,” he added.

Trump’s comments come as a federal appeal court Hearing On how to deal with a customs tariff policy. Former House Speaker Paul Ryan Tell CNBC this week The Supreme Court may end up the cancellation of eligibility for the duties that were requested under the Economic Forces Law of the International Emergency Princess in 1977.

Trump said of the actions of the courts about the tariff. “There is no way that America can recover from such a judicial tragedy.”

The legal challenges facing the assumption focused on the US Supreme House tariffs on the arguments that may exceed the powers of the emergency granted to the president by Congress in the 1970s. However, Alan Wolf, an older colleague at the Peterson International Economy Institute, said in A. a report This week, these fees that are deposited will lead to a “huge amount of red tape” around who will get the recovered amounts.

“This is a bell that cannot be easily incomplete,” said Wolf.

Market impact

Trump said the definitions had a “great positive impact” on the stock market. It seems that the markets this year are positively responding whenever the White House is asking again on the definitions, and negatively interacts when Trump presses upper imports on imports to the United States

For example, when Trump suspended the initial definitions “Liberation Day” in early April during the next ninety days, Nasdak It increased by 7 % in just a few minutes, with other major market averages that spread great gains this week. Since then, the market has witnessed that specific sectors jump whenever Trump retracted the targeted threats, such as those against semiconductor imports. Companies like AMD and MarvellBesides appleThen spread strong gains with duties that grant widespread exemptions to any company that announces plans to add manufacturing in the United States

However, gatherings have often demonstrated a palace because the president has repeatedly changed the gears of the customs tariff. Markets recently was more stable about the news of the tariff, as investors view the views of the president as continuously vulnerable to change.

– Jeff Cox of CNBC and Scott Schnipper contributed to reporting,