The U.S. Court of International Trade struck down former President Donald Trump’s proposed global tariffs, triggering a wave of optimism across global financial markets. Arthur Hayes, co-founder of BitMEX, responded with a bold call to action: “Buy everything.”
- Court Rules Trump’s Tariffs Overstepped Authority
- Arthur Hayes: “Buy Everything”
- Market Response: Surge in Global Sentiment
- Why This Matters for Crypto
- Trump’s Appeal Keeps Uncertainty Alive
- Final Thoughts: Momentum or Mirage?
- FAQs
- What did the U.S. court rule on Trump’s tariffs?
- How did Arthur Hayes respond to the court ruling?
- How did markets react to the tariff ruling?
- Will Trump appeal the court decision?
- Why is this important for the crypto market?
- Glossary of Key Terms
Court Rules Trump’s Tariffs Overstepped Authority
The court ruled that Trump’s “Liberation Day” tariff package, which aimed to impose sweeping 50% duties on European Union imports starting June 1, violated the limits of the International Emergency Economic Powers Act (IEEPA). The judges determined that the conditions cited by Trump did not meet the legal threshold of an “unusual and extraordinary threat,” rendering the move unconstitutional.
“This decision reaffirms the boundaries of executive trade powers,” noted trade analyst Linda Rowen. “It’s a major blow to protectionist policy ambitions.”
The Trump administration quickly filed an appeal, but for now, markets have taken the court’s ruling as a clear win for global trade continuity.
Arthur Hayes: “Buy Everything”
Within hours of the ruling, Arthur Hayes took to social media with a simple message that echoed across trading desks:
“Buy everything. Liquidity is coming. Don’t wait for permission.”
Arthur Hayes, known for his unfiltered macroeconomic takes and market timing instincts, framed the court’s decision as a signal for renewed risk appetite. He argued that the blocked tariffs reduce immediate fears of trade disruption and signal a more accommodative liquidity environment, ideal conditions for both equities and crypto.
Market Response: Surge in Global Sentiment
The impact was swift:
Dow Jones Futures jumped over 550 points after the decision.
S&P 500 and Nasdaq futures followed with strong gains.
Asian markets—notably Japan’s Nikkei 225 and South Korea’s KOSPI—closed higher in anticipation of smoother global trade dynamics.
The crypto market responded in tandem. As of May 29:
Bitcoin (BTC) rebounded to $108,600 (+3.4%)
Ethereum (ETH) hit $5,470 (+3.8%)
Solana (SOL) and XRP each gained over 4% amid the broader market relief.
Why This Matters for Crypto
The ruling doesn’t just affect international trade—it reshapes the near-term macro liquidity outlook, especially in the lead-up to the 2025 U.S. election. For crypto markets, this translates into:
Lower geopolitical uncertainty
Increased investor confidence
Fewer shocks to stablecoin flows tied to global trade
“Arthur’s call isn’t just hype—it’s rooted in the liquidity narrative,” said independent analyst Maya Kwon. “Less friction in trade usually signals less volatility in monetary policy, and that’s bullish for crypto.”
Trump’s Appeal Keeps Uncertainty Alive
Despite the optimism, the Trump campaign has already filed an appeal, arguing that national economic threats justify the use of emergency powers. While the appellate process could take months, analysts say the damage to the tariff narrative is already done.
“Even if Trump reclaims the White House, the court has clearly signaled limits,” said legal scholar Eric Talbot.
Final Thoughts: Momentum or Mirage?
For now, the markets are celebrating. Arthur Hayes’ call to “buy everything” resonates, especially among crypto traders who see a rare alignment of favorable technicals, macro relief, and legal clarity.
But the true test lies ahead. If the appeal gains traction or political sentiment shifts, the narrative could flip again.
Until then, Arthur Hayes’ words echo like a war cry: “Buy everything.”
FAQs
What did the U.S. court rule on Trump’s tariffs?
The U.S. Court of International Trade ruled that Trump’s proposed 50% tariffs on EU imports exceeded his authority under the IEEPA and were unconstitutional.
How did Arthur Hayes respond to the court ruling?
Arthur Hayes tweeted “Buy everything,” suggesting that reduced trade tensions and increased liquidity would spark a broad market rally.
How did markets react to the tariff ruling?
U.S. stock futures surged, Asian markets rallied, and cryptocurrencies, including Bitcoin and Ethereum, posted significant gains.
Will Trump appeal the court decision?
Yes. The Trump campaign filed an appeal, which could prolong legal uncertainty. However, markets responded positively to the initial ruling.
Why is this important for the crypto market?
Reduced trade friction boosts investor sentiment and liquidity, which tends to benefit risk assets like Bitcoin, Ethereum, and other cryptocurrencies.
Glossary of Key Terms
IEEPA (International Emergency Economic Powers Act): U.S. law allowing the president to regulate commerce during national emergencies.
Tariff: A tax on imported goods, often used as a trade weapon or protectionist policy.
Arthur Hayes: Co-founder and former CEO of BitMEX, known for macroeconomic insights and bold crypto predictions.
Liquidity: Availability of cash or capital in markets; more liquidity often boosts asset prices.
Risk Assets: Investments like stocks and crypto that offer high return potential with greater volatility.
Market Sentiment: Overall investor attitude or mood toward the market, often influenced by political and economic events.
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