Explore the latest developments concerning Supreme Court tariff.
Supreme Court tariff ruling: It's not just about refunds. Volume of U.S. freight trade could hinge on decision
The looming U.S. Supreme Court decision on the legality of many of President Donald Trump's tariffs has companies on edge as they eye potential refunds, but the ruling also could quickly influence the volume of trade to the U.S. ahead of Chinese New Year, according to logistics experts.
The freight industry in the U.S. has been in a rate recession due to lower container volumes after companies frontloaded products to soften the impact of tariffs. The pulling forward of freight altered the traditional peak season of shipping container movement in 2025.
If the tariffs implemented under the International Emergency Economic Powers Act are ruled to be illegal by the Supreme Court, imports to the U.S. may rise as companies feel more confident about their cash situation and seek an opening to buffer inventory ahead of any revised tariff plan from the Trump administration, which officials said will be ready to go and accomplish its existing trade goals.
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Trump tariffs live updates: Trump says 'we're screwed' if Supreme Court rules against his tariffs
President Trump's most sweeping tariffs face a landmark test of presidential powers, as the US Supreme Court is set to rule on the implications and legality of Trump's global duties on trade partners.
The high court's first two opportunities to issue a verdict — the latest on Wednesday — have come and gone without a decision.
Whatever the ruling, the case is being closely watched, as companies like Costco (COST) bring lawsuits against the US government in the hope of securing a refund on import duties if the court rejects Trump's authority to impose tariffs.
The court heard arguments in early November. Both conservative- and liberal-leaning justices asked skeptical questions of the method by which the president imposed his most sweeping duties. Trump imposed his tariffs by invoking a 1977 law meant for national emergencies.
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