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US Supreme Court delays ruling on Trump’s global tariffs case

The court postponed its decision on Trump’s use of the International Emergency Economic Powers Act for tariffs, with $133.5 billion collected in duties so far, creating market uncertainty.

  • On January 9, 2026, the U.S. Supreme Court delayed issuing a decision on President Donald Trump's global tariffs, holding off a widely expected ruling at 10 a.m. ET.
  • Businesses affected by the tariffs and 10 U.S. states challenged them after President Donald Trump invoked the IEEPA to impose 'reciprocal' tariffs citing trade deficits and fentanyl trafficking.
  • Treasury Secretary Scott Bessent said Thursday, `What is not in doubt is our ability to continue collecting tariffs at roughly the same level, in terms of overall revenues`, as tariffs brought in $195 billion in fiscal 2025 and $62 billion in 2026, according to Treasury data.
  • The court can craft a middle-ground remedy that limits repayment and narrows authority, while officials warn reimbursements could strain fiscal conditions and interest rates and the White House could use the 1962 Trade Act to retain most tariffs.
  • Prediction markets put only a 10% chance the tariffs will be upheld, and the court's decision could significantly impact the U.S. economy and fiscal policy.
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Watauga DemocratWatauga Democrat
+23 Reposted by 23 other sources
Lean Left

Tariff authority decision still awaited from Supreme Court

(The Center Square) – Tariff authority by second-term Republican President Donald Trump was not decided by the U.S. Supreme Court on Friday, meaning the federal government can continue to collect the revenue for now.

·Calhoun, United States
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CNBC broke the news in United States on Thursday, January 8, 2026.
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