Supreme Court Skeptical of Trump’s Tariff Authority, Outcome Uncertain
The U.S. Supreme Court heard arguments challenging President Trump's use of emergency powers to impose sweeping tariffs without congressional approval. Justices across the ideological spectrum questioned the legal basis for tariffs generating half of 2025's tariff revenue, though no clear ruling emerged.
Market implications remain muted as the case focuses on constitutional separation of powers rather than specific trade impacts. cryptocurrency markets showed no immediate reaction, maintaining recent trading ranges amid broader macroeconomic uncertainty.
A decision against the administration WOULD force alternative trade enforcement mechanisms, potentially creating new regulatory complexities for cross-border commerce including digital asset transactions.
