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.

  • Voroxpete@sh.itjust.works
    9·
    2 days ago

    No, the indications are very strong that they’re going to rule against him on this one. The supreme court like Trump, but they like big business better.

    The delay is probably over the question of how to handle the tariffs that have already been collected. In principle, they would have to be refunded, but doing that would blow a massive hole in the budget, at a point where the US is already carrying the kind of debt load that looks really scary to investors, and has slashed incomes to essentially nothing with all their tax cuts.