supremecourt

The Supreme Court of the United States has ruled that the International Emergency Economic Powers Act (IEEPA) cannot be used to impose tariffs a decision that could open the door to massive refund claims.
More than 1,500 import and export firms have reportedly filed lawsuits seeking up to $170 billion in tariff repayments. Claimants include major corporations such as Costco and Alcoa, alongside hundreds of small and mid-sized businesses.
However, the Court stopped short of explicitly granting refunds. That key question now shifts to the United States Court of International Trade (CIT), where the next legal phase will unfold.
Why this matters:
• Potential multi-billion dollar fiscal impact
• Corporate balance sheet adjustments if refunds materialize
• Renewed scrutiny on executive tariff authority
• Trade policy uncertainty returning to markets
If refunds are approved, it could reshape precedent on emergency economic powers and materially affect U.S. trade enforcement tools going forward.
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US President #DonaldTrump lashed out in unusually personal terms against the six #SupremeCourt justices who handed him one of the biggest setbacks of his second term in office by striking down the administration's global #Tariffs .
The court's Friday ruling was "deeply disappointing". The justices who joined the majority opinion should be "absolutely ashamed" and lacked the courage to "do the right thing", Trump said, turning his response into a sweeping attack against a co-equal branch of government.
The broadside was remarkable even for a president known for blowing past political norms and publicly berating those who challenge his authority.
"I'm ashamed of certain members of the court. Absolutely ashamed for not having the courage to do what's right for our country," $TRUMP said at the start of a press conference at the White House, which was held a few hours after the decision was released.
Trump did not mince words from there as he assessed the decision, which held that presidents do not have inherent authority to impose sweeping tariffs on any country.
For the next 45 minutes, Trump criticised the ruling and made the case that he would find other methods to continue imposing tariffs on other countries. But throughout he repeatedly returned to the justices in ways that made clear he felt personally slighted by the decision.
The president did not discriminate against Republican and #Democratic appointees, either.
The six justices who struck down Trump's tariffs were equally divided among the court's liberal and conservative wings. Three - Justices ElenaKagan, Sonia Sotomayor and Ketanji Brown Jackson - were appointed by Democratic presidents. The other three were appointed by Republicans. ChiefJustice John Roberts is a George W Bush pick who wrote the majority opinion, and Justices Neil Gorsuch and Amy Coney Barrett were appointed by #trump in his first term in office.

The U.S. Supreme Court just struck down President Trump's sweeping tariffs in a 6-3 ruling, declaring they exceeded his authority under the International Emergency Economic Powers Act (IEEPA). Markets reacted positively overall, with $BTC briefly popping ~2% above $68K before settling around $67K a relief bounce as trade war fears eased.

But here's the key for crypto: The immediate impact may be limited. The decision halts these specific tariffs (for now), reducing short-term economic uncertainty that could have pressured risk assets like $BTC .
Crypto didn't crash it saw a modest lift alongside stocks showing resilience amid macro noise.

Longer term? The bigger story is political. Trump's team is already eyeing alternative trade tools (and he quickly announced a new 10% global tariff push). This could shift focus in Washington, potentially affecting broader policy like crypto regulation or fiscal moves that influence liquidity.

For now, crypto traders breathe easier no major rock to the boat from this ruling. But keep watching: Political ripple effects could matter more down the line.
What do you think short-term win for $BTC or just noise? 🚀

#crypto #bitcoin #TrumpTariffsffs #SupremeCourt #BinanceSquare