Traders Bet 73% Odds US Supreme Court Will Strike Down Trump’s Tariff Powers
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News18•14-01-2026, 02:38
Traders Bet 73% Odds US Supreme Court Will Strike Down Trump’s Tariff Powers
- •Polymarket, a blockchain-based prediction platform, shows traders assigning a 73% chance the US Supreme Court will declare Trump's tariffs illegal.
- •The Supreme Court is reviewing a challenge to the Trump administration's use of emergency powers for country-specific tariffs, specifically under the IEEPA.
- •The case questions if the administration exceeded its authority and if importers would be entitled to refunds if tariffs are overturned.
- •Trump has stated he will explore 'other options' if the Supreme Court rules against his tariff policy.
- •Customs duties surged to $94 billion in the latest quarter, contributing to a narrower US budget deficit, driven primarily by higher tariffs.
Why It Matters: Prediction markets indicate a high probability of the US Supreme Court striking down Trump's tariffs.
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