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The Supreme Court is about to decide the fate of Trump's tax authority
Today at 10:00 AM ET. The first ruling announcement after a four-week recess.
The question is: does Trump have the legal authority to use the 1977 emergency law to impose tariffs of 10-50% on most trading partners?
Lower courts have dismissed this ruling twice.
Market predictions are giving a 75% probability that the Supreme Court will agree.
Even if the Supreme Court rejects these tariffs, the White House has already shared their plan.
Judge Bessent publicly stated: they will rebuild a similar structure using other trade laws. A different legal cover, but the tariff levels remain the same.
The decision may not be announced today. Tuesday and Wednesday are also days for rulings. But everyone is watching at 10 AM.
The coming days will be very chaotic. I will keep you updated with all the information.