The U.S. Supreme Court will rule on the legality of Trump's tariffs, and the stock market faces a test

GateNews

2025-12-12 15:34:40

ChainCatcher reports that, according to Jinshi, the U.S. Supreme Court is about to make a ruling on the legality of the comprehensive tariffs introduced by Trump in April, which could become the next test for the stock market. The S&P 500 has rebounded 39% since its low this month and closed at a record high on Thursday. If the ruling finds the tariffs exceeded authority, the market will face uncertainty in the future. The last public court session was held on Wednesday, with the next scheduled for January 9, . Wells Fargo Chief Equity Strategist Ohsung Kwon expects that if the tariffs are invalidated, the earnings of S&P 500 component companies could grow by 2.4% by 2026.

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