The U.S. Supreme Court is expected to issue rulings on Friday as it weighs cases with major implications both nationally and around the world including the legality of President Donald Trump's sweeping global tariffs.
– Reuters
What do you smart folks think will happen to markets if SCOTUS tosses out Trump's power to impose tariffs on Friday? I ask as a concerned recent retiree hoping to avoid a "sequence of returns" problems for the next few years. Should we be worried? Should we prepare in any way? Could it be a boost?
US Supreme Court Tariff Decision this Friday. Any predictions?
byu/greenhombre inStockMarket
Posted by greenhombre
19 Comments
Probably correction again like when he announced them. Will they vote against? Probably not since they are mostly up his ass already
If it does get struck down he’ll just go on a rant tweeting he’s implementing the tariffs under some other bs emergency power and we’re back to square 1
They will probably wimp out because they have no spine to do their job…
> I ask as a concerned recent retiree hoping to avoid a “sequence of returns” problems for the next few years.
Why haven’t you already addressed this potential risk though, regardless of Supreme Court ruling?
I think they are going to strike down his tariffs. There is not emergency that justifies them. I’m expecting a 7-2 ruling against Trump. Alito and Thompson will never stop swinging on Trump’s nuts.
Most likely I think it will be struck down but scotus will rule that the gov does not need to repay the tariffs.
his administration is just one long court case …………
Note that the Court is not guaranteed to rule on Trump’s tariffs on Friday. Friday is just the first day of the year the Court will issue rulings. The Court expedited the tariff case, leading many to believe they will also expedite the ruling, when the Court normally would hold off on such an important ruling until June or July.
The tariffs were just another scam. They’re going to be repealed and the commerce secretary will make billions off buying the ownership rights to the refunds for pennies on the dollar.
Anyone know what the betting market odds are on the scotus decision? They’re often eerily correct
I think SCOTUS will support president in this. 💪🇺🇸💪
They’ll punt and say POTUS can impose tariffs during emergencies, but decline to define what that is
There’s basically two questions:
1) Are the tariffs a valid form of regulation? I personally say yes, but it’s a grey area. You can argue it either way.
2) Is there an emergency situation that requires regulation? Tough to side with Trump on this one, even if you want to. If the tariffs were in place for 30-90 days then maybe you are addressing an emergency and giving congress time to act. This probably gets the tariffs struck down.
My prediction is that We The People get thrown a big fat middle finger and just sit on it as usual.
They’ll rule on some narrow aspect of the case then send it back down to the lower courts to re-try while allowing Trump to continue doing whatever he wants.
They say 70-75% chances of tariffs will be shot down by the high court. But, there are ways to reimpose almost 90% tariffs back under the guise of some old rules. Highly doubt any tariffs will be paid back to American importers.
I think, initial market reaction will be positive but then will lose the gains .. after about a week it will be almost a non-event.
My prediction is they don’t make a final ruling on Friday on tariffs. It is an opinion day so they could rule on tariffs, but don’t necessarily have to and could push it to the next opinion day or later. They originally stated they likely wouldn’t make a tariff ruling until February (this was back immediately after oral arguments in Nov.), so I find it unlikely that they would be ready to rule on such a significant case immediately after coming back from a 4-week break. But I could be wrong, wish I had a crystal ball.
New mantra of the U.S. Supreme Court seems to be if President Trump does it, then it’s constitutional.
Honestly I don’t care, it doesn’t matter wtf they say consumers are not getting their tariffs back so the available options are: businesses get paid back all the tariffs they were charged or government keeps the money and keeps the tariffs. As a consumer nothing about this is going to help us at all as usual.