NEW YORK, Jan 8 (Reuters) - A forthcoming U.S. Supreme Court decision on President Donald Trump's use of emergency tariff powers could jolt financial markets, especially if the justices strike down the tariffs.
The case, which could come as early as Friday, is set to determine whether Trump can invoke the International Emergency Economic Powers Act (IEEPA) to impose tariffs without congressional approval.
Market risk mounts as Supreme Court weighs Trump's emergency tariff powers | Reuters
Pointing this out is our post of the week, cutworm. Thanks!
As you stated, the ruling on this by the Supreme will have the most immediate, profound impact on the markets of any ruling that I remember.
No point in me repeating what I think they should do. They are majority conservatives (several appointed by Donald Trump) and some of their rulings have reflected that and they do have political bias but on the other hand, their rulings have to be justified by their interpretation of the Constitution.
https://fortune.com/2026/01/08/us-supreme-court-ruling-trump-tariffs-military-budget/
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Companies are flocking to challenge the administration's import taxes in court, after the Supreme Court started asking tough questions
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https://www.foxbusiness.com/politics/supreme-court-expected-rule-friday-trumps-power-impose-tariffs