The post Bitcoin Hits $97,200 After Supreme Court Delays Trump Tariff Ruling appeared on BitcoinEthereumNews.com.

The U.S. Supreme Court has declined to rule on one of the most consequential cases on its docket: the challenge to President Donald Trump’s sweeping global tariffs.  The decision to delay, without announcing when the next batch of rulings will arrive, has intensified speculation across legal, political, and financial circles as markets brace for what could become a landmark definition of presidential power. The dispute centers on Trump’s expansive use of the International Emergency Economic Powers Act (IEEPA), a 1977 law designed for national security crises, to justify a broad array of tariffs on global trading partners. Lower courts have previously ruled that the current president exceeded his authority in invoking emergency powers to impose tariffs that functioned more like long-term trade policy. During Nov. 5 oral arguments, justices from both the conservative and liberal wings signaled deep skepticism about the administration’s legal rationale. Several questioned whether IEEPA authorizes such a sweeping reconfiguration of U.S. trade relationships without explicit congressional approval, with some references to the “Major Questions Doctrine.” The Trump administration is appealing lower-court rulings that found the tariffs unlawful, and the Supreme Court’s eventual decision is expected to serve as a defining test of the limits of presidential emergency authority. But on Wednesday, the Court decided to remain silent. Missing Trump Tariff Ruling Has Global Stakes The absence of a decision has only added to mounting uncertainty.  A ruling against the tariffs would have immediate and far-reaching implications. Analysts warn the federal government could be forced to unwind months of tariff collections, a process Trump has previously described as a “complete mess,” citing concerns about the logistics of refunding hundreds of billions of dollars to importers. Trade economists note that such refunds would be complex but technically feasible, with the Treasury expected to have the funds necessary to…

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Filed under: News - @ January 14, 2026 7:21 pm