Court Curbs Tariffs

The most likely market-moving path is that plaintiffs win at least partial early relief because the Supreme Court already narrowed Trump’s tariff authority in February. A judge may find that the administration’s Section 232 rationale is too broad or procedurally defective, while leaving room for appeal.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.