Supreme Court Signals Skepticism Toward Trump's Tariffs
TL;DR Summary
Prediction market traders have significantly reduced their odds that the Supreme Court will uphold President Trump's tariffs, reflecting doubts about the legality of the broad trade powers claimed under the International Emergency Economic Powers Act, after justices expressed skepticism during oral arguments. The court's decision is pending, but market sentiment suggests a potential setback for Trump's trade policies.
- Traders on prediction markets see a 30% chance Supreme Court backs Trump's tariffs CNBC
- Trump admin faced a deeply skeptical Supreme Court in tariff arguments CNN
- The Supreme Court might actually stand up to Trump on tariffs vox.com
- Supreme Court Poised to Defy Trump on Tariffs The American Prospect
- Supreme Court Arguments Exacerbate Treasury Sell-Off Barron's
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