Best Buy cuts 2025 guidance due to impact of Trump administration tariffs originally appeared on Bring Me The News. Best Buy cut its sales and profit guidance for 2025 due to the ongoing uncertainty caused by the trade war sparked by President Donald Trump.

A cloud hangs over the global economy, experts have warned, after a bombshell court ruling blocked Donald Trump’s tariffs, creating more “confusion and uncertainty”.Financial markets reacted positively to the unanimous ruling by three judges,

I'm under no illusions that there could be surprises just around the corner,” said Ernie Tedeschi, Director of Economics at the Yale Budget Lab.

A US federal court’s ruling late Wednesday against President Donald Trump’s authority to levy some of his most sweeping tariffs may have also dealt a serious blow to the president’s entire economic agenda.

"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."

A legal roadblock on U.S. President Donald Trump's sweeping tariffs drew early cheer from markets on Thursday, but the risks of extended policy and economic paralysis cast a deeper shadow for investors worried about the longer term.

Investors are weighing a court decision that blocked some Trump tariffs, Nvidia's earnings report, and Musk's renewed focus on Tesla.

The Federal Reserve kept interest rates unchanged in early May as officials weigh inflation and unemployment risks tied to Trump's tariffs and trade uncertainty.