Dollar slumps and gold rises as authorities say they will halt levies linked to emergency powers but give no word on refunds. Plus, meet some of the people suing the president over civil liberties
Good morning.
Donald Trump’s administration has said it will stop collecting tariffs the supreme court ruled were illegal as they were imposed using emergency powers, as investors attempted to digest the US president’s latest volley of replacement levies.
What’s happening with the stock markets after the news? Gold jumped 0.6% to $5,135 an ounce, its highest level since the end of January, as investors flocked to the safe haven asset, while bitcoin dropped as much as 4.8% to $64,300 before recovering some ground, at $65,734. Futures tracking the US S&P 500 stock market slipped 0.5% on Monday morning.
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Who was the intruder? Bradshaw did not immediately identify the intruder. However, the Associated Press reported that the man killed had been identified by investigators as 21-year-old Austin Tucker Martin, citing a person familiar with the matter who spoke on condition of anonymity because they were not authorized to publicly discuss details of the investigation.
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