Supreme Court vs Tariffs: A Guide | Metals Mine

  • Supreme Court vs Tariffs: A Guide

    From themacrocompass.substack.com

    Nov 5th will be a key date for markets: the Supreme Court will start hearing arguments on Trump’s IEEPA tariffs. And while markets don’t seem particularly focused on this event, I believe it’s crucial to be prepared for it. The pie chart above shows why the Supreme Court ruling will be crucial. If the Supreme Court strikes down IEEPA tariffs as unconstitutional, around 55% of the US tariff income would be wiped out from the 2026 budget and US companies would be eligible for a refund for the 2025 tariffs paid under the IEEPA regime. In numbers, we are talking about a $150-200bn annualized in tariff income lost ... (full story)

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The Fool
Nov 1, 2025 1:34pm
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Monarchist SCOTUS done and dusted re: whatever Trump wants.
Schultz
Nov 2, 2025 10:04am
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I think too much is made of the financial impact of tariffs in all this. Whether they are a million or a trillion ought not bear on the legality of imposing them.

A jury might find all that fascinating and probative, and that is why juries often suck. The Justices are above that nonsense.

Or, ought to be. Given that faith in the Fed is on the nose, surely the SOTUS is aware that it can't go down that path of being another Trump sycophant?

From the article - interesting that there is a secondary market for tariff assets. Maybe bundle them up and call them a cute acronym and get Moodys to rate them.
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The Fool
Nov 2, 2025 11:03am
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Quoting Schultz
surely the SOTUS is aware that it can't go down that path of being another Trump sycophant? ...
that ship has sailed.
salarhere22
Nov 2, 2025 1:21am
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what Trump's wants?? everyone know trumps want power
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Trader#A306
Nov 1, 2025 2:53am
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Time to dust off the horrors of Shutdown and maybe a deadly spider virus killing 3 people in Africa.
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