Supreme Court's Upcoming Decision on Trump's Tariffs May Impact Presidential Powers

According to Odaily, the Supreme Court is expected to soon rule on the legality of tariffs imposed by U.S. President Donald Trump, a decision that could significantly affect the scope of presidential authority. While lawyers believe a ruling this week is unlikely, most anticipate a decision by early 2026. Data from Polymarket indicates a 76% probability that the court will rule against the Trump administration, potentially overturning some tariffs imposed under the International Emergency Economic Powers Act (IEEPA). Analysts and lawyers are preparing for various scenarios, including: 1. A mixed ruling where the Supreme Court might declare the 'reciprocal' tariffs imposed under IEEPA illegal, while maintaining tariffs related to the flow of fentanyl. 2. A decision declaring IEEPA tariffs illegal, which would shift importers' focus to the refund of tariffs already paid if the court rules all or part of the IEEPA tariffs unlawful. 3. The court upholding the tariffs, which could mean maintaining the status quo for the market.