The US Supreme Court is expected to deliver a verdict that will determine the legality of tariffs imposed by former President Donald Trump since April of last year. This case has been under evaluation since November and revolves around whether Trump had the legal authority to impose tariffs based on a 1977 law meant for emergencies. The court's justices, who include both conservative and liberal members, have expressed conflicting views about the President's powers, leading to speculation about a potentially divided ruling given the conservative majority of 6 to 3 among the justices.

As the court deliberates, some conservative justices have highlighted the inherent authority of the President in foreign affairs, indicating that arguments regarding executive powers will play a significant role in the decision-making process. If the Supreme Court rules against the tariffs, it could result in a wave of reimbursement requests from importers. These businesses are poised to request refunds from the US Customs and Border Protection agency, potentially amounting to $175 billion in total claims, which underscores the significant economic implications of the ruling.

The outcome of this case is not just a legal matter; it also reflects ongoing debates about the limits of presidential power and the balance between executive authority and congressional prerogatives. A ruling against the tariffs may reaffirm the legislative role of Congress in regulating trade, while a ruling in favor may expand the scope of presidential powers in international economic matters, setting a precedent for future administrations.