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“Wall Street Eyes Growth, But Supreme Court Tariff Showdown Could Drag Markets Back Into Trade War Mode”🚨🚨🚨

For months, investors have largely stopped worrying about tariffs — aside from a brief flare-up with China over rare earth exports that appeared to ease after a meeting between President Trump and China’s Xi Jinping in South Korea.

The market had settled into an uneasy balance built on two familiar patterns: Trump’s tendency to talk tough on tariffs but ultimately back down, and Corporate America’s ability to adapt. As WisdomTree strategist Sam Rines pointed out, many companies that braced for the worst actually emerged stronger, having restructured their operations and costs in ways that boosted profits beyond pre-tariff levels.

Markets typically despise uncertainty — though they dislike guaranteed bad news even more — and Rines now warns that trade uncertainty, which had faded earlier this year, could be making a comeback.

Prediction markets recently gave about a one-in-three chance that the Supreme Court will uphold Trump’s authority to impose sweeping tariffs under emergency powers. By Wednesday morning, ahead of oral arguments, those odds were closer to 50–50. The case challenges whether the president can use the International Emergency Economic Powers Act of 1977 to levy broad tariffs without congressional approval.

Even if the Court rules against Trump and limits his use of that law, the broader tariff issue likely won’t disappear — it’ll just shift legal footing. As Rines noted, what markets had already priced in and moved beyond could suddenly be thrust back into the spotlight, adding another dose of uncertainty.

Risk markets won’t wait for a final decision — which may not arrive until late 2026 — before reacting. That makes Wednesday’s hearing especially critical. Tariffs aren’t going away; they’re merely changing shape. For investors, it’s a “pick your poison” scenario, and the tariff narrative — once thought dead — could soon resurface.

Analysts at Signum Global Advisors agree that the time between the Court’s hearing and its eventual ruling could be turbulent, especially given the potential for unpredictable comments from President Trump. As Andrew Bishop and George Pollack wrote, the most market-moving remarks might come before the Court’s decision, not after.