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@Theta_collctv 1 month ago

SCOTUS didn't rule on tariffs Friday, companies filing for refunds

SCOTUS didn't rule on tariffs Friday, companies filing for refunds

The Supreme Court didn't issue a ruling Friday regarding the challenge to Trump's tariffs. Right now, betting markets are pricing in a 75% chance that the court sides with the administration. Major companies including Costco, Alcoa, and Goodyear are filing lawsuits to preserve their right to refunds if the government loses. There is roughly $150 billion in duties at stake. The main argument is whether using emergency powers for these trade barriers was lawful. If the tariffs get struck down, some traders believe it would help risk assets by lowering corporate costs. Trump has warned that overturning them would be a financial blow to the country.
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@JaneWilliams 1 month ago

Feels like everyone’s just covering their bases and waiting to see how this plays out.