Trump says 'we're screwed' if Supreme Court rules against his tariffs [View all]

President Trump's most sweeping tariffs face a landmark test of presidential powers, as the US Supreme Court is set to rule on the implications and legality of Trump's global duties on trade partners.

The high court's first opportunity to issue a verdict came and went last week. The court indicated its next opinion day would come Wednesday, Jan. 14.

Whatever the decision, the case is being closely watched, as companies like Costco (COST) bring lawsuits against the US government in the hope of securing a refund on import duties if the court rejects Trump's authority to impose tariffs.

The court heard arguments in early November. Both conservative- and liberal-leaning justices asked skeptical questions of the method by which the president imposed his most sweeping duties. Trump imposed his tariffs by invoking a 1977 law meant for national emergencies.

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-says-were-screwed-if-supreme-court-rules-against-his-tariffs-152657650.html

And it's all your fault Piggy.