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Trump's Tariffs In Court, Summers' Stark Warning, US-China Stalemate, And Wood's Reaganomics Comparison: This Week In Economics

Market Impact

Ananya Gairola

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June 1, 2025

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Benzinga

A federal judge blocked Trump's emergency tariff powers as economic tensions escalated, with Larry Summers warning of a looming fiscal crisis, Japan unveiling stimulus to counter U.S. tariffs, U.S.-China trade talks stalling, and Cathie Wood likening Trump's policies to "Reaganomics on steroids."

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