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UBP Weekly View - Markets advance on US Supreme Court tariff ruling
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23.02.2026

UBP Weekly View - Markets advance on US Supreme Court tariff ruling

Last Friday, the US Supreme Court ruled that the International Emergency Economic Powers Act did not give the President the authority to impose tariffs, providing a lift to global equities. However, President Trump swiftly responded by announcing his intention to apply a 15% global tariff, sending the dollar lower and gold higher as markets moved to price in renewed trade uncertainty.

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