Keep an eye on this Friday! The U.S. Supreme Court is set to make a ruling on tariff issues on the 9th

The U.S. Supreme Court has designated this Friday as a judgment announcement day, which means it will be the first possible time for the court to rule on former President Trump's global tariff issues. According to CCTV News, on January 6 local time, the U.S. Supreme Court announced that it would make a ruling on tariff issues this Friday (January 9). After taking office in January 2025, the Trump administration invoked the U.S. International Emergency Economic Powers Act to implement a series of tariff measures through executive orders without congressional approval. After the U.S. Court of Appeals for the Federal Circuit and the U.S. Court of International Trade ruled that the current administration's package of tariff policies was illegal, the Trump administration appealed to the Supreme Court, and the case is currently under review. It is reported that the Trump administration has developed a plan to reimpose import tariffs in case of an unfavorable ruling. The Supreme Court never announces in advance which cases are ready for judgment, only stating that cases that have been completed may be ruled upon when the justices take the bench at 10 a.m. Washington time. Given that this case has been expedited by the court, the likelihood of a ruling on the tariff case is quite high. If the court rules against Trump on the tariff issue, it will undermine his signature economic policy and become the biggest legal setback he has faced since returning to the White House. The focus of the controversy is the "Liberation Day" tariff policy announced by Trump on April 2, which imposes tariffs of 10% to 50% on most imported goods. On Tuesday, Trump told House Republicans: "We have a major Supreme Court case. I hope they do what is beneficial for the country. I hope they make the right decision. The president must have the ability to negotiate and maneuver on tariff issues." During the oral arguments on November 5, the justices seemed skeptical about whether Trump had the authority to impose these tariffs under a law from 1977 that grants the president special powers in emergencies. The court may also rule on an important redistricting case that could help the Republican Party maintain control of Congress in this year's midterm elections. The court is considering whether to significantly limit the applicability of the Voting Rights Act to reduce the establishment of districts predominantly composed of Black or Hispanic voters. As the court's official website released this announcement, the justices had just concluded a four-week recess. In the next two weeks, the justices may also schedule additional judgment announcement days. On January 21, the court will hear a case in which Trump attempted to dismiss Federal Reserve Governor Lisa Cook based on allegations of mortgage fraud (which the party involved denies)