US Supreme Court to Rule on Legality of Trump's Tariffs Amid Economic and Legal Debate

The US Supreme Court is set to rule on the legality of President Donald Trump's sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA). Trump defends the tariffs as key to economic growth, citing increased Treasury revenue, investment, and inflation control, while warning that a ruling against him would cause a complex financial burden due to potential refunds. Prediction markets show a majority betting the court will strike down the tariffs, raising questions about presidential authority and future trade policy. The decision could impact US trade relations and global markets, with alternatives to tariffs under consideration if the ruling is unfavorable.