Odaily Planet Daily News: The Supreme Court may soon rule on the legality of Trump’s tariffs, a decision that will have far-reaching implications for the scope of the U.S. presidency. Lawyers believe the likelihood of a ruling this week is low, with most expecting a decision by early 2026. Data from Polymarket shows a 76% chance that the court will rule against the Trump administration and at least overturn some of the tariffs imposed under IEEPA. However, analysts and lawyers are preparing by considering several scenarios, such as: 1. A mixed ruling, where the Supreme Court may decide that tariffs imposed under IEEPA are illegal while preserving related tariffs on Fentanyl flows. 2. The court ruling that IEEPA tariffs are illegal, which could lead importers to focus on refunds for already paid tariffs. 3. The court upholding the tariffs, which could mean maintaining the status quo for the market.
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