Trump tariff reprieve could create more risk in Treasury market

News Snapshot:

Investors worldwide woke up on Thursday to news that the U.S. Court of International Trade had ruled that U.S. President Donald Trump exceeded his authority with many of the tariffs announced since January. But this news isn’t as good as it may seem at first glance, especially for the U.S. Treasury market. For now, the Trump administration has been given 10 days to return previously paid tariffs with interest to importing businesses. But in the meantime, the U.S. Federal Court of Appeals can stay the lower court’s order. And no matter what the appeals court decides, it seems likely that...