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.

  • dhork@lemmy.worldEnglish
    20·
    12 days ago

    If the tariffs are unconstitutional then Trump will be sued for billions and billions from businesses and governments.

    Oh, it’s worse than that. Very large companies might be able to afford to sue to get that revenue back, but others can’t afford the legal fees to do that.

    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.

    One of the largest firms doing this is Cantor Fitzgerald, who was run by the Commerce Secretary before he took office and is now run by his sons.

    See! They figured out how to grift, no matter the outcome!

    • bitjunkie@lemmy.world
      13·
      12 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