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Trump tariffs live updates: Supreme Court to deliver decisions on Trump's tariffs this Friday

Trump tariffs live updates: Supreme Court to deliver decisions on Trump's tariffs this Friday

101 finance101 finance2026/01/08 15:30
By:101 finance

Supreme Court Set to Decide on Trump’s Tariffs

This Friday may prove pivotal for President Trump’s broad tariff policies, as the U.S. Supreme Court is expected to deliver its first ruling on the scope and legality of his administration’s global trade duties.

The Court’s official schedule lists Friday as an opinion day, indicating that decisions in argued cases, including those concerning Trump’s so-called “Liberation Day” tariffs, will be announced.

Trump’s tariff measures have ignited international debate. The Supreme Court’s decision is under close scrutiny, especially by companies such as Costco (COST), which have filed lawsuits against the federal government seeking reimbursement of import taxes if the Court finds Trump lacked the authority to impose them.

Arguments were presented to the justices in early November, with both conservative and liberal members questioning the process by which the president enacted these sweeping tariffs. Trump relied on a 1977 statute designed for national emergencies to justify his actions.

Last year, the Trump administration made additional appeals to the Court. In recent weeks, Trump has repeatedly voiced concerns about the potential outcome, warning that losing the power to levy tariffs would be a significant setback for the United States.

In a recent statement, Trump asserted, “Thanks to tariffs, our nation is financially and, from a national security perspective, stronger and more respected than ever.”

U.S. Treasury Secretary Scott Bessent commented in an interview that a Supreme Court decision against the tariffs would represent a setback for American citizens.

Bessent also mentioned that the administration has alternative strategies should the Court overturn Trump’s tariff authority.

“There are numerous other legal avenues available, but IEEPA offers the clearest and most effective negotiating power for the president and the country,” Bessent explained. “Other options exist, though they tend to be more complicated, but can still achieve results.”

Live Updates Coming Soon

Stay tuned for real-time coverage and the latest developments regarding President Trump’s proposed tariffs on imported goods.

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