Supreme Court tariff ruling could come today at 10 am ET

The US Supreme Court is set to deliver a decision on tariffs at 10 am ET today, keeping the market on edge. It remains unclear whether the ruling will focus on tariffs or other issues. Following recent oral arguments, justices expressed skepticism regarding the legitimacy of congressional taxing powers, which heightens uncertainty about existing tariffs. Should the court strike down the tariffs, the reasoning behind it will be crucial, potentially affecting other tariff-related remedies. Additionally, a decision that mandates tariff refunds could lead to significant financial repercussions for the US government, amounting to approximately $130-$150 billion. The market is speculating on which stocks might emerge as winners or losers as a result of this pivotal ruling.