The US Supreme Court is expected to rule today, January 14, on the legality of President Donald Trump’s sweeping tariffs. Meanwhile, most traders are betting against the US Supreme Court upholding the tariffs.
According to Polymarket, a blockchain-based prediction platform, only 27 percent of traders believe the US Supreme Court will rule in favor of Trump’s decision. The remaining 73 percent are betting against it.
Supreme Court to Rule on Legality of Trump’s Tariffs
The case hinges on the question of whether a US president can unilaterally impose such significant tariffs by citing national security or emergency powers, or whether such actions fall outside legal and constitutional limits. The court’s full nine-member bench will hear the case, and the justices’ past rulings offer insights into their potential perspectives.
Today’s decision will determine the future of Trump’s tariffs and set a precedent for how future presidents, whether Republican or Democrat, can use emergency powers to shape economic policy. Analysts expect the ruling to hinge on the court’s interpretation of statutory authority versus presidential discretion, making it a landmark case in executive-legislative relations.
Trump Dismisses Criticism
Trump has dismissed criticism of his decisions, calling his tariff policy the “strongest and fastest economic turnaround” in American history. “Under our administration, growth is surging, productivity is soaring, investment is booming, incomes are rising, inflation is gone, and America is respected again,” he said. “As I promised you, I have imposed a 25 percent tariff on all foreign automobiles.” Trump wrote on Truth Social, “If for any reason the Supreme Court rules against the United States of America in the tariff case, the actual amount we will have to pay will be hundreds of billions of dollars,” adding that this would not include the compensation sought by companies that invested to avoid the tariffs.
He further stated, “In other words, if the Supreme Court rules against the United States of America on this National Security bonanza, we will be ruined!”
Indian investors are also closely watching the Supreme Court’s decision, as Trump’s tariff fluctuations in 2025 had put pressure on the Sensex and Nifty. Annual returns in 2025 were almost negligible as Trump increased tariffs on Indian exports to the US to 50 percent, citing New Delhi’s continued purchase of Russian oil.