Key Points
- The U.S. Supreme Court has not yet issued its ruling on the legality of President Trump’s global tariffs.
- The court has had two opportunities to release the decision this week, but has not done so.
- The case is being closely watched by businesses like Costco, which are hoping to receive refunds on tariff payments.
- President Trump has expressed growing anxiety over the potential for a negative ruling.
The business world and the White House remain on edge as they await the Supreme Court’s ruling on the legality of President Trump’s most sweeping tariffs. The court had two opportunities to release its decision this week, but both came and went without a verdict.
The suspense is building in a case that could have massive implications for U.S. trade policy and presidential power.
The case is a major test of whether the President has the authority to impose a wide range of global tariffs under a 1977 law intended for national emergencies. When the court heard arguments in November, justices from both sides of the political spectrum seemed skeptical of the administration’s legal reasoning.
President Trump has been growing increasingly anxious about the outcome. He has said that losing the ability to impose tariffs would be a “terrible blow” to the country. On Monday, he even posted on social media that if the court rules against him, “WE’RE SCREWED!”
On the other side, companies like Costco are eagerly awaiting the decision. They have filed lawsuits against the government, hoping to recover millions of dollars in import duties if the court rules that the tariffs are unlawful.
The Supreme Court has not said when it will release its decision, but every day that passes adds to the tension. The ruling, whenever it comes, will be a landmark moment, either validating Trump’s aggressive trade strategy or dealing it a significant and costly setback.
