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A federal appeals court ruled that President Trump's tariffs on several countries, including Indonesia, were unlawful. These tariffs, imposed due to alleged fentanyl trafficking, will remain until October 14th, allowing for a Supreme Court appeal. While August saw strong stock market gains, this new uncertainty could cause market volatility and potentially impact September's performance, historically the worst month for the S&P 500.

Prepared by Christopher Adams and reviewed by editorial team.