U.S. Supreme Court Considers Ruling Trump’s Tariffs Illegal

Cryptocurrency influencer Wimar.X warns of a potential market downturn on January 10, as the U.S. Supreme Court may rule Trump’s tariffs illegal, impacting stocks and bonds.

A significant court decision could trigger substantial refunds, leading to market volatility and providing strategic opportunities for traders, although some believe the impact may be overstated.

Supreme Court to Decide on $600 Billion Tariff Refunds

The U.S. Supreme Court is poised to rule on the legality of tariffs implemented by former President Trump under the International Emergency Economic Powers Act (IEEPA) in 2025. Trump targeted multiple countries, such as China, Mexico, and Canada, claiming national security threats as the justification. Since the oral arguments in November 2025, the U.S. Court of International Trade (CIT) witnessed a surge in cases; importers sought to secure rights for potential refunds pending this Supreme Court decision.

If the Supreme Court deems these tariffs illegal, a wave of claims for refunds could unfold. According to Wimar.X, anticipated refunds might reach $600 billion. These would occur on a rolling basis over several years, given the complex litigation process involved. Critics argue that the massive financial disbursement prediction might be exaggerated.

Potential Impact on Crypto and Financial Markets

Did you know? The previous record for tariff refunds related to a U.S. trade dispute was considerably smaller, emphasizing the unprecedented scope of potential refunds in this case.

Bitcoin presently trades at $91,551.38, with a market capitalization of $1,828,522,420,068 and a dominance of 58.06% as of January 7, 2026. The 24-hour trading volume reached $55,041,254,875, down 1.98% in the last 24 hours, though up 3.37% over the past week, based on CoinMarketCap data.

Coincu’s team notes the ruling could influence future financial regulations, impacting both domestic markets and international trade laws. Crypto markets might witness indirect effects, although direct links have yet to emerge. Stakeholders now await the Supreme Court’s decision to gauge potential shifts in market trends and regulatory landscapes.