U.S. Supreme Court Again Delays Ruling on Trump’s Tariff Policy — Market Uncertainty Grows
The U.S. Supreme Court has once again postponed its decision on the legality of former President Trump’s sweeping tariff regime, leaving the issue unresolved as of January 20, 2026. Despite expectations of a ruling this month, the court released several opinions without addressing the tariff case, without setting a new decision date, and hasn’t indicated when it will issue a ruling. This follows earlier deferrals and extends uncertainty for markets, businesses, and global trade partners who are awaiting clarification on tariffs imposed under emergency powers. The delay continues to leave over $130 billion in potential refunds and future policy direction in limbo, contributing to risk sentiment and trade policy debate. Traders and investors now face open-ended legal risk priced into assets tied to global commerce until the court finally rules.