US Supreme Court Faces Another Deadlock! Trump's Tariff Fate Hangs by a Thread, Nasdaq Drops 1%
The US Supreme Court is once again deadlocked! On January 14, the justices still failed to rule on the legality of Trump's tariff policy, leaving the world on edge for the upcoming 'final hearing.' The exact timing of the decision remains unknown, but it may be revealed during the court sessions on Tuesday or Wednesday this week.
The suspense hasn't ended, but the market has already crashed: Nasdaq dropped 1%, S&P fell 0.6%, and the semiconductor index plunged 1.1%. Consumer stocks like Lululemon and Mattel declined, while Stanley Black & Decker reversed its earlier gains.
The key dispute centers on 'Liberation Day' tariffs—set to begin on April 2, imposing 10%–50% tariffs on imported goods. The justices have already shown reservations during previous arguments: Can Trump truly invoke the 1977 Emergency Act to bypass Congress?
If he loses, it could trigger a refund surge exceeding $130 billion, marking his biggest legal setback since returning to the White House.
