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The U.S. Supreme Court has once again postponed its decision on the legality of Trump-era tariffs, keeping trade policy — and markets — stuck in uncertainty ⏳

This case matters. It could redefine how much power a U.S. president has over trade. For now, tariffs remain in place, but their future is unresolved.

Major importers like Costco are already seeking refunds on duties paid, and the U.S. Treasury has confirmed funds are ready if the Court strikes the tariffs down.

📉 Why markets care

If tariffs are overturned:

• USD weakness

• Large refund flows to importers

• Supply-chain adjustments

• Short-term volatility across assets

If tariffs are upheld:

• Trade barriers stay

• Input costs remain high

• USD strength could persist

Meanwhile, softer U.S. labor data is reinforcing expectations that the Fed stays on hold, adding another layer of uncertainty.

🪙 Investor takeaway

This delay doesn’t remove risk — it extends it. Markets may be underpricing the impact either way.

Volatility isn’t gone. It’s just waiting. ⏰📊#CPIWatch

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