US President Donald Trump is moving ahead with steep tariff hikes despite ongoing court challenges that threaten to block their enforcement. Trump has signed an executive order doubling US tariffs on imported steel and aluminum starting from June 5,

President Trump could now ask the Supreme Court as early as Friday to suspend a lower court's ruling against his tariffs. Bitcoin is down 3.7% in the last 7 days, while altcoins such as Cardano and Dogecoin have fallen over 8% and continue to signal strong bearish sentiment across the board.

President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies — Apple and Mattel — with tariffs aimed at their key products over comments by their CEOs.