Trump warns of “Third World” consequences after Appeals Court rules against tariffs
"If a Radical Left Court is allowed to terminate these Tariffs, almost all of this investment, and much more, will be immediately cancelled! In many ways, we would become a Third World Nation..."
Hello Capitalists,
Here’s everything you need to be following today:
Trump is on the warpath after Appeals Court throws out his tariffs
Gas prices plummet over Labor Day to 5 year lows
Alibaba soars on the back of homemade chips and AI
EU Chief’s plane has its GPS jammed over Bulgaria
Today’s markets:
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Trump issues dire warning after tariffs get thrown out by Federal Appeals court
President Donald Trump warned Sunday that a federal court’s ruling against his tariffs could cripple $15 trillion in U.S. investment, potentially plunging the nation into “Third World” status, escalating trade policy tensions.
Court Rules Tariffs Unlawful: A federal appeals court declared most of Trump’s tariffs illegal under the IEEPA (International Emergency Economic Powers Act,) affirming a prior U.S. Court of International Trade ruling.
Tariffs Remain Temporarily Active: The tariffs stay in effect until October 14 creating uncertainty for U.S. trade policy.
Trump wrote: "If a Radical Left Court is allowed to terminate these Tariffs, almost all of this investment, and much more, will be immediately cancelled! In many ways, we would become a Third World Nation, with no hope of GREATNESS again. TIME IS OF THE ESSENCE!!! "
White House trade counselor Peter Navarro slammed the court's 7-4 ruling against Trump’s tariffs as “weaponized partisan injustice,” signaling a Supreme Court appeal to defend U.S. trade protections.
Navarro Alleges Democratic Bias: Navarro claimed the appeals court’s decision was driven by Democratic appointees, with six of seven judges and 12 blue states opposing Trump’s tariff policies.
Strong Dissent Offers Hope: A robust dissent in the 7-4 ruling provides a roadmap for a Supreme Court appeal, addressing issues like national emergency validity and tariff permanence.
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Gas prices hit 5 year low as “all-of-the-above” energy policy starts to pay off
Gas prices plummeted to a five-year low of $3.15 per gallon for Labor Day 2025, as Trump’s energy policies unleashed American production, easing costs for millions of holiday travelers nationwide.
Energy Dominance Drives Savings: Trump’s reversal of Biden-era green policies boosted U.S. energy output, directly lowering fuel costs and benefiting consumers, per White House statements.
Gas Prices Trend Downward: Analysts predict prices may drop below $3 per gallon in September 2025 as demand falls post-holiday, offering further relief.
Policy Shift Fuels Prosperity: Energy Secretary Chris Wright credits Trump’s “all-of-the-above” energy strategy for creating jobs and enhancing economic and national security.
Comparative Price Decline: Gas prices fell from $3.29 in 2024 and $3.77 in 2022, showcasing significant progress under Trump’s energy agenda.
Alibaba shares soar on the back of AI growth and chip development
Alibaba’s Hong Kong shares surged 19% Monday, hitting a six-month high, as its cloud unit’s AI-driven growth and a new AI chip development fueled investor optimism in China’s tech giant.
Cloud Unit Accelerates Growth: Alibaba’s cloud computing division reported strong quarterly results, driven by surging demand for AI-related products, boosting overall revenue despite a broader revenue miss.
New AI Chip Development: Sources revealed Alibaba is developing a new AI-focused chip, aiming to strengthen domestic semiconductor capabilities and enhance its technological edge in AI applications.
Instant Commerce Investment Surge: Alibaba is heavily investing in China’s competitive “instant commerce” market, though this contributed to an 18% drop in net income excluding investment gains.
Investor Confidence Rebounds Strongly: The stock rally reflects growing investor support for Alibaba’s strategic shift toward AI and cloud infrastructure, building on a 13% U.S. share increase Friday.
EU commission confirms “GPS interference” to chief’s plane mid-air over Bulgaria
Suspected Russian GPS jamming disrupted a plane carrying EU chief Ursula von der Leyen over Bulgaria on Sunday, forcing pilots to navigate manually, escalating tensions as she tours frontline nations.
Bulgarian Authorities Suspect Russia: The European Commission confirmed GPS interference on von der Leyen’s plane, with Bulgarian officials pointing to Russia as the likely culprit behind the deliberate disruption.
Safe Landing Despite Jamming: The chartered plane landed safely in Plovdiv using paper maps, allowing von der Leyen to continue her tour of EU states bordering Russia and Belarus.
EU Strengthens Defense Resolve: The incident reinforces the EU’s commitment to bolster defense capabilities and support Ukraine, amid ongoing Russian hybrid threats like GPS jamming.
Kremlin Denies Involvement: Russian spokesperson Dmitry Peskov called the jamming allegations “incorrect,” while the EU noted a rise in such incidents since the Ukraine war began.
India seeks to strengthen ties with China and Japan in the face of US tariffs
Indian Prime Minister Narendra Modi arrived in China Sunday, seeking to mend ties strained by border disputes, as both nations face U.S. tariffs, signaling a potential economic realignment against Washington's pressure.
Border Dispute Progress: India and China are cautiously de-escalating tensions from the 2020 Galwan Valley clash, resuming direct flights and discussing visa relaxations to bolster economic ties.
SCO's Strategic Role: Modi's attendance at the Shanghai Cooperation Organisation summit highlights India's renewed interest in the China-Russia-led bloc, driven by strained U.S. relations and tariff disputes.
Economic Cooperation Potential: India aims to leverage China's manufacturing strength for electronics production, seeking lower import duties to reduce its $99.2 billion trade deficit with Beijing.
Regional Alliance Shifts: Modi's Japan visit en route to China underscores India's push for diversified partnerships and closer ties for regional supply chain stability.
Disclaimers
Did the US Supreme Court not struck down liberal judges interference in the Executive Branch initiatives ??? How in the HELL is an administration supposed to make positive changes to the country when every liberal POS judge that is being paid by the left, is allowed to interfere in the agenda that the majority voted for???
Do you want the US to become able to look good in everything and succeed. Judges think, not about yourselves but the country.Tariffs are good for the United States in every way.And the world.