Trump's Tariffs Face Supreme Court Challenge, Traders Predict 73% Overturn Chance

• A prediction market, Polymarket, shows traders believe there's a 73% chance the US Supreme Court will overturn Trump's tariffs.
• The Supreme Court is reviewing whether the Trump administration overstepped its authority by using emergency powers (IEEPA) to impose tariffs.
• A key question is if importers will receive refunds for payments made if the tariffs are declared illegal.
• Donald Trump has stated he will explore "other avenues" if the Supreme Court rules against his tariff policy.
• US Treasury data indicates tariffs significantly boosted customs duty revenue, contributing to a reduced budget deficit in the last quarter.

Why It Matters: Trump's tariffs face a high probability of being overturned by the Supreme Court, impacting US trade and economy.