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@Kokorache 1 month ago

Supreme Court ruling on tariffs expected Wednesday, potential market reaction

Supreme Court ruling on tariffs expected Wednesday, potential market reaction

The Supreme Court is expected to announce a decision this Wednesday regarding the challenge to the administration's global tariffs. Polymarket currently shows a 72% chance the court will uphold lower court rulings and overturn the tariffs. If they are overturned, import-heavy stocks like Mattel, Nike, and UPS could see movement. Moody's chief economist Mark Zandi suggests removing tariffs would assist the labor market. However, the Treasury Secretary indicated they could recreate the tariff structure using different federal regulations if they lose, so any market upside might be temporary.
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