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Good morning.<\/p>\n
Donald Trump\u2019s administration has said it will stop collecting tariffs the supreme court ruled were illegal<\/a> as they were imposed using emergency powers, as investors attempted to digest the US president\u2019s latest volley of replacement levies.<\/p>\n The dollar slumped 0.4% against a basket of other currencies this morning after the US Customs and Border Protection agency said it would deactivate all tariff codes associated with International Emergency Economic Powers Act related orders as of Tuesday at midnight.<\/p>\n The top US trade negotiator Jamieson Greer said on Sunday that the Trump administration was set to persist with its tariffs policy<\/a>. \u201cThe policy hasn\u2019t changed. The legal tools that implement that may change but the policy hasn\u2019t changed,\u201d he said, arguing that it gives US business \u201ca lot of leverage\u201d in world trade.<\/p>\n What\u2019s happening with the stock markets <\/strong>after the news?<\/strong> 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.<\/p>\n<\/li>\n This a developing story.<\/strong> Follow the live blog here<\/a>.<\/p>\n<\/li>\n<\/ul>\n\n
Secret Service fatally shoots armed man who breached Trump\u2019s Mar-a-Lago residence<\/strong><\/h2>\n