Stock futures surged following a U.S. Court of International Trade ruling that suspended most tariffs imposed by the Trump administration, declaring President Trump’s 10% tariff on various trading partners unlawful. The court’s decision, which also blocked duties on China, Mexico, and Canada, prompted significant gains in stock futures, with the S&P 500 rising 1.1% and international markets responding positively. The Trump administration plans to appeal the ruling, which could impact economic risks and inflation if the appeal is unsuccessful.
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Things to know about the Voting Rights Act
The Voting Rights Act of 1965, signed by President Lyndon Johnson to combat racial discrimination in voting, abolished practices like poll taxes and literacy tests, and established preclearance for states with histories of voter suppression. Despite its initial protections, the 2013 Supreme Court decision in Shelby v. Holder weakened these safeguards, allowing states to impose restrictive voting laws, leading to ongoing legal challenges and legislative actions regarding voting rights. Want More Context? 🔎
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