US Court Blocks Trump’s Tariffs, Arthur Hayes Calls to ‘Buy Everything’

The U.S. Court of International Trade has struck down President Donald Trump’s “Liberation Day” tariffs, declaring them unconstitutional and beyond the scope of executive power. Although the Trump administration plans to appeal, the ruling has brought temporary clarity to global trade and may pave the way for significant economic shifts. Amid the unfolding developments, crypto veteran Arthur Hayes has returned with a clear message: “Buy everything.”

Court Blocks Trump’s Tariffs

Wednesday’s ruling represents a major limit on executive power. By overturning the Liberation Day tariffs, the court sided with Democratic-led states and small businesses that argued President Trump had overreached by using emergency economic powers. The decision impacts a standard 10% global tariff, along with higher rates on specific countries, measures that faced criticism from the start when introduced in early April.

At the core of the ruling is a clear issue of constitutional authority. The court affirmed that the power to impose tariffs lies with Congress. The president does not have unlimited authority to implement broad global trade measures without legislative approval, even under emergency provisions. This decision not only halts Trump’s latest trade policy but also revives legal questions dating back to the early days of the U.S.–China trade conflict.

The financial impact of the ruling could be significant. Analysts estimate that importers may be eligible for up to $10 billion in refunds, around $3.5 billion potentially going to Chinese companies. According to The Kobeissi Letter, this ruling may also strengthen the U.S. position in trade talks with Europe, especially ahead of negotiations concerning a proposed 50% tariff increase.

Market Reaction To The News

Following the announcement, Asian markets opened in positive territory Thursday morning. Japan’s Nikkei 225 rose by 1.67%, while India’s Nifty index recorded modest gains. U.S. stock futures also advanced, reflecting investor relief over the temporary easing of trade tensions.

Bitcoin, however, remained relatively stable despite the broader risk-on environment. This stability is noteworthy. Historically, unpredictable geopolitical developments and aggressive fiscal measures have often supported crypto markets. The absence of a sell-off suggests that investors may be awaiting more definitive signals on monetary policy. Notably, macro analysts are increasingly linking trade policy shifts to crypto asset performance—a connection that was once considered speculative.

The Federal Reserve’s latest statements support this view. At its most recent meeting, the Fed opted to keep interest rates unchanged, citing uncertainty around tariffs. Now that a key legal barrier has been removed, some economists believe the central bank could act more swiftly, especially if tax refunds inject unexpected liquidity into the economy.

Arthur Hayes Sees a Big Market Opportunity

Arthur Hayes rarely hesitates when the market sends a signal, and he certainly didn’t this time. In response to the court’s decision, Hayes posted on X, “buy everything round dos,” referencing his previous calls for aggressive investment during past market disruptions.

This wasn’t a casual remark. Speaking at the Bitcoin Conference in Las Vegas, Hayes explained his reasoning: a monetary stimulus similar to that during the COVID era could be on the horizon again. At that time, a $4 trillion stimulus helped push Bitcoin from $3,800 to nearly $70,000. Hayes now forecasts an even larger capital injection—up to $8 trillion—between now and 2028. For supply-limited assets like Bitcoin and certain equities, this could spark another sharp upward movement.

Furthermore, Hayes emphasized that demand driven by ETFs, along with long-term holders (HODLers) reducing supply availability, could make a Bitcoin price of $1 million not merely speculative, but conceivable. Known for his bold forecasts, Hayes has frequently been a step ahead and proven accurate.

What Happens Next?

The court’s decision to block Trump’s tariffs is an important step that limits the president’s power and could help ease trade tensions. Even though the Trump administration plans to appeal, this ruling may lead to changes in the market and trade talks, while also possibly bringing refunds to importers.

At the same time, Arthur Hayes’s advice to “buy everything” reflects rising confidence in the market, especially in cryptocurrencies. His forecast of large stimulus measures and a shrinking Bitcoin supply suggests a promising outlook for investors looking for strong gains. Whether or not Hayes’s bold predictions come true, the current situation indicates a possible turning point that deserves close attention.