"Continue to flake out"! The US Supreme Court temporarily delays ruling on Trump tariff case, with the decision expected as early as February 20th.

The US Supreme Court did not rule on President Trump's tariff policy on Tuesday, meaning that the legal challenges surrounding his signature economic measure will not be resolved for at least another month. According to the established schedule, the US Supreme Court is about to enter a four-week recess. Based on the court's usual process for issuing rulings, the next possible window for announcing a decision on the tariff case is February 20. During the court arguments on November 5 last year, most justices seemed skeptical about whether Trump had the authority to impose such tariffs under the 1977 International Emergency Economic Powers Act. Despite the court expediting the process, raising hopes for a quick decision unfavorable to Trump, the outcome is still uncertain. If the court ultimately rules against Trump on the tariff issue, it would be the biggest legal setback he has faced since returning to the White House. The controversy surrounds Trump's "Liberation Day" tariff policy introduced on April 2, which imposed tariffs ranging from 10% to 50% on most imported goods and imposed additional tariffs on goods from Canada, Mexico, and China under the pretext of combating fentanyl smuggling. If the ruling goes against Trump, it could not only trigger over $130 billion in tariff refund claims but also weaken his leverage in threatening to impose more tariffs on European countries. Previously, Trump had warned that if European countries continue to resist his attempts to take control of Greenland, he would consider further tariffs, but it is not clear on what legal basis he would implement such measures. As usual, the Supreme Court will announce some decisions immediately after a hearing. Although the justices will hear arguments on Wednesday regarding Trump's attempt to dismiss Federal Reserve Board member Powell, no rulings are scheduled to be announced that day. After Wednesday, the Supreme Court does not have any scheduled formal meetings before February 20, meaning that the final ruling on the tariff case will have to wait.