The U.S. Supreme Court did not issue a ruling Friday on President Donald Trump’s sweeping global tariffs, as traders price in a 75% chance that the Supreme Court ultimately rules in favor of Trump’s tariffs.
Polymarket Shows 25% Odds Trump Wins Tariff Case
The court has not announced when it will decide the case.
Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose “reciprocal” tariffs on goods from nearly every foreign trading partner, citing trade deficits as a national emergency.
He used the same law for duties on China, Canada, and Mexico, citing fentanyl trafficking.
Trump imposed the duties by invoking a 1977 law meant for national emergencies, and lower courts ruled he exceeded his authority.
The administration appealed those rulings, setting up the current Supreme Court review.
$150B In Refunds At Stake For Major Companies
Company executives, customs brokers, …