Potential Impact on Dollar if U.S. Supreme Court Rules Against Trump's Tariff Powers

According to BlockBeats, BNP Paribas highlighted in its 2026 outlook report that the U.S. dollar might weaken immediately if the Supreme Court rules that U.S. President Donald Trump's use of emergency powers to impose comprehensive tariffs is unconstitutional. Analysts suggest that such a decision could negatively affect a key source of fiscal revenue, leading to market concerns about the sustainability of the U.S. fiscal deficit. This scenario might prompt investors to demand higher premiums to hold dollar-denominated assets. However, the report also notes that the Trump administration may eventually implement alternative tariff measures to offset the fiscal gap caused by the loss of tariff revenue.