The Supreme Court facade is seen in Washington, Nov. 4, 2020. (AP Photo/J. Scott Applewhite, File)
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CNBC TV1807-01-2026, 15:23

US Supreme Court to Rule on Trump Tariffs Friday: Major Setback Looming for President?

  • US Supreme Court set Friday as opinion day, potentially ruling on President Trump's international tariffs.
  • A decision against Trump's tariffs would be a significant legal setback and undermine his signature economic strategy.
  • The disputed tariffs, imposed on Canada, Mexico, and China, target fentanyl trafficking and levy 10-50% on imports.
  • Court's skepticism was evident during arguments regarding Trump's authority under a 1977 law.
  • The court may also rule on a redistricting lawsuit impacting midterm elections and the Voting Rights Act.

Why It Matters: US Supreme Court's Friday opinions could deliver a major blow to Trump's tariff policy.

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