Trump Tariff Verdict by US Supreme Court Could Rock Global Markets (Pic: AI, Gemini)
The US Supreme Court is the centre of attention today as it prepares for its long-anticipated “opinion day” on Friday, January 9. It is around 10:00 a.m. ET when the highest court might, without delay, reveal its position on the controversial tariffs imposed by Donald Trump, but, in customary Supreme Court fashion, it won’t give any hint beforehand of what is to come.
The whole world is waiting for the decision; traders are constantly refreshing screens, and policy watchers are trying to read the signals. Will the justices curtail the scope of presidential tariff authority or allow the duties to continue? One ruling could trigger significant shifts in currencies, commodities, and equities worldwide, making today a moment investors cannot afford to miss.
Supreme Court Scrutiny Puts Presidential Power Behind Trump’s Tariffs Under The Spotlight
Are Trump’s tariffs a brave display of power or a violation of the Constitution? This is the primary question the US Supreme Court is facing today. This marks the first occasion the highest court will express its opinion on Donald Trump’s “Liberation Day” tariffs, imposed on April 2 last year at rates ranging from 10% to 50%. Lower federal courts have already reacted negatively, ruling that some of these duties exceeded presidential powers. Now, the justices are involved, and the markets are paying full attention. Traders, policymakers, and global investors are eager to see whether the court will rein in executive authority or allow the tariff hammer to keep swinging.
What is the pivotal legal issue the Supreme Court is examining?
Can Donald Trump use the International Emergency Economic Powers Act (IEEPA) to impose tariffs without Congress’s approval, a power traditionally reserved for the legislative branch?
Why are conservative justices concerned?
During the November 5 hearing, the 6–3 conservative majority expressed “serious concerns” over the use of federal law to justify the imposition of sweeping tariffs.
What would a ruling in favour of Trump mean for him?
It would mark the biggest legal setback of Trump’s second presidency, with long-term implications for US fiscal policy and global trade.
How could this verdict impact Indian stock markets?
Market analysts expect a positive reaction in Indian markets, as India has been among the economies most adversely affected by Trump’s tariffs, particularly the 50% levy.
Relief Could Be Temporary for Global Markets
Even if the Supreme Court strikes down the tariffs, the relief may be short-lived, as Trump could still approach Congress to seek approval to reintroduce them.
India–US Trade Deal Remains Crucial
India’s exposure remains high, particularly amid Trump’s aggressive stance on countries importing Russian oil, with proposed tariffs potentially rising to 500%.
Gold and Silver Outlook Amid Rising Uncertainty
While global uncertainty typically supports gold and silver prices, experts expect continued volatility due to geopolitical risks, currency movements, and bond market fluctuations.
Key Support and Resistance Levels for Gold
International Support: $4,300–$4,400
Domestic Support: ₹1,20,000–₹1,30,000
Resistance Levels: $4,500 / ₹1,42,000 and $4,700 / ₹1,50,000
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
District Magistrate, Nawal Kishor Choudhary informed the reporter that although the injured are now said…
T20 World Cup 2026: Rinku Singh Returns Home Before India’s Crucial Super 8 Clash vs Zimbabwe
Rinku Singh has returned home due to a family emergency ahead of India’s crucial Super…
According to Representative Robert Garcia, the lost files cast serious questions on whether the evidence…
