Keep an eye on this Friday! The U.S. Supreme Court is set to make a ruling on tariffs on the 9th.

The U.S. Supreme Court has designated this Friday as a decision announcement day, meaning that it will be the earliest possible time for the court to rule on former President Trump’s global tariff issue. According to CCTV News, on January 6 local time, the U.S. Supreme Court announced it would rule on the tariff issue this Friday (January 9). After taking office in January 2025, the Trump administration invoked the U.S. International Emergency Economic Powers Act to introduce a series of tariff measures via executive order, bypassing congressional approval. After both the U.S. Federal Circuit Court of Appeals and the U.S. Court of International Trade ruled that the current administration’s package of tariff policies was unlawful, the Trump administration appealed to the Supreme Court. The case is currently under consideration by the Supreme Court. Reportedly, the Trump administration has also prepared a plan to reimpose import tariffs should the ruling be unfavorable. The Supreme Court never announces in advance which case decisions are ready to be made public, only stating that when the justices take the bench at 10 a.m. Washington time, decisions may be released for cases that have been fully heard. Given that this case has been fast-tracked by the court, the likelihood of a ruling on the tariff issue is significant. If the court rules against Trump on the tariffs, it will undermine his signature economic policy and be his biggest legal setback since returning to the White House. The dispute centers on Trump’s April 2 “Liberation Day” tariff policy, which imposes tariffs of 10%-50% on most imported goods. On Tuesday, Trump told House Republicans: “We have a major case before the Supreme Court. I hope they do what’s best for the country. I hope they make the right decision. The president must have the ability to negotiate and maneuver on tariffs.” During oral arguments on November 5, the justices seemed skeptical about whether Trump had the authority under a 1977 law to impose these tariffs. That law gives the president special powers in emergencies. The Court may also rule on a major redistricting case, which could help Republicans maintain control of Congress in this year’s midterm elections. The Court is considering whether to significantly limit the applicability of the Voting Rights Act to reduce the establishment of districts mainly populated by Black or Hispanic voters. The Court announced this as the justices had just finished a four-week holiday recess. In the next two weeks, the justices may schedule additional decision announcement days. On January 21, the Court will also hear a case in which Trump is attempting to dismiss Federal Reserve Governor Lisa Cook on grounds of alleged mortgage fraud (a charge denied by the individual concerned). Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute individual investment advice, nor does it consider individual users’ special investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions herein suit their specific circumstances. Any investment made accordingly is at the user’s own risk.