Supreme Court Delay on $600B Trump Tariffs Stirs Market Volatility
The U.S. Supreme Court's postponed ruling on the legality of former President Trump's $600 billion tariff program has injected fresh uncertainty into financial markets. This comes alongside a stronger-than-expected jobs report showing unemployment falling to 4.4%, creating competing forces for investors to digest.
Polymarket data reveals shifting odds, with the probability of the tariffs being overturned initially spiking above 70% before settling near 31% after the court's delay. A potential invalidation could trigger $133 billion in tariff rebates, with Ripple effects across global trade and crypto markets.
Digital assets remain particularly sensitive to the outcome, as the decision could impact dollar liquidity and risk appetite. Trump's public appeal for prayers ahead of the January 14 ruling underscores the high stakes for trade policy and market stability.
