Supreme Court Hears Trump Tariff Case as Market Odds Crash to 18%

The U.S. Supreme Court began hearing arguments today in a landmark case challenging former President Trump's use of emergency powers to impose tariffs on goods from over 100 countries. Described by TRUMP as "life or death for America," the tariffs were ostensibly implemented to protect domestic industries, but justices expressed skepticism about their legal basis.

Market sentiment shifted dramatically during proceedings, with Polymarket odds of a favorable ruling for Trump plunging to just 18%. The central legal question revolves around whether economic concerns constitute a valid national emergency that WOULD permit unilateral presidential action on trade policy without Congressional approval.

Twelve states and numerous small businesses have joined the challenge, arguing the tariffs violated constitutional trade provisions and caused significant economic harm. The Court's decision could establish critical precedent regarding executive power in trade matters.