【This ruling may shake the market more than a rate hike】

The U.S. Supreme Court is about to make a critical decision, and global markets are quietly waiting.

The core issue of this document on January 9th is only one: Does the President have unlimited and indefinite authority to impose tariffs?

It seems like a legal issue, but the impact is far beyond imagination.

If the ruling is unfavorable to the government, tariffs already collected could be deemed "lacking legal basis." What scale are we talking about? According to official data, by mid-2026, the involved amount could reach 75 billion to 1 trillion USD. Even more concerning, the Treasury Department might be forced to refund about 50% of that.

Does this sound distant? Not really.

Policy uncertainty often stirs waves in financial markets—whether in traditional stocks or cryptocurrencies. The market hates this kind of unresolved situation the most. Funds are waiting, investors are observing, traders are adjusting positions.

In the short term, such major policy shifts usually come with volatility opportunities. In the long term, policy clarity will reprice risk assets. For traders paying attention to the pulse of the global economy, this is a time window that cannot be ignored.