🚨 BREAKING
🇺🇸 U.S. SUPREME COURT WILL VOTE ON TRUMP’S TARIFFS TODAY AT 10:00 AM ET.
ODDS ARE NOW 74% THAT THE TARIFFS WILL BE RULED ILLEGAL.
EXPECT HIGH MARKET VOLATILITY!!
Trump tariffs live updates: Supreme Court ruling looms on Trump's most sweeping duties
Trump defends tariff policy as US Supreme Court weighs challenge
Yesterday
Today
📌 What’s actually happening
The U.S. Supreme Court is preparing to issue a ruling soon on whether President Donald Trump’s sweeping tariff policies — most of which were imposed under the International Emergency Economic Powers Act (IEEPA) — are lawful. But no official decision has been publicly released yet. �
Yahoo Finance
The Court has been weighing legal challenges to Trump’s tariffs for months after oral arguments. �
Roll Call
Justices have questioned the legal authority for the tariffs, especially under IEEPA, which is designed for emergency actions, not broad tax-generating tariffs. �
Yahoo Finance
There is heavy market interest and volatility expectations ahead of the ruling. �
Barron's
📊 Odds & market expectations
Many investors and prediction markets are pricing in a high probability — often above 70-75% — that the Supreme Court will find at least the core Trump tariffs unlawful. �
Seeking Alpha
If the Court does rule the tariffs unlawful:
The government could be ordered to refund tens of billions of dollars to importers under tariffs collected so far. �
Investors
Markets could react sharply — with volatility in stocks, bonds, and currencies — as traders reassess inflation expectations and fiscal impacts. �
Barron's
The Trump administration may pursue alternative tariff authorities (like Section 232 or Section 301) to maintain some levies even if IEEPA authority is struck down. �
Seeking $TRUMP
