Supreme Court Tariff Ruling Delay Sparks Market Speculation
The U.S. Supreme Court has postponed its decision on former President Donald Trump's tariff policies, with the next potential ruling date set for February 20. The delay follows arguments regarding Trump's attempt to remove Federal Reserve Governor Lisa Cook, though no opinions were released. Markets are now pricing in a 31% chance of the court siding with the WHITE House, according to Polymarket data—a decline from earlier this month.
Trade lawyers warn that a negative ruling could strip TRUMP of legal authority to impose new tariffs, including those targeting NATO members over Greenland's sovereignty. The case hinges on the International Emergency Economic Powers Act (IEEPA), with implications for future executive trade actions. Michael Lowell of the Global Regulatory Enforcement Group noted parallels between this case and Trump's earlier tariff threats against Brazil.
