The decision delay means the legal uncertainty surrounding Trump’s tariffs will continue, leaving global markets and trade relations in a state of anticipation. The court has not indicated when it will announce its ruling.

The US Supreme Court will not issue a ruling on Friday (January 9), in a high-profile case challenging the legality of President Donald Trump’s sweeping global tariffs.

The case, which tests the limits of presidential authority under the International Emergency Economic Powers Act, had drawn close attention from businesses, investors, and international trading partners.

The US Supreme Court will not issue a ruling on Friday (January 9), in a high-profile case challenging the legality of President Donald Trump’s sweeping global tariffs.

The case, which tests the limits of presidential authority under the International Emergency Economic Powers Act, had drawn close attention from businesses, investors, and international trading partners.

  • bitjunkie@lemmy.world
    13·
    2 days ago

    But Wall St. has a solution! Firms have started buying tariff refund rights from importers, at a discount to reflect the uncertainty regarding whether those tariffs will ever be refunded.

    Jesus fucking Christ, I thought you were joking