The US Supreme court could issue a ruling later in the day determining whether Trump can invoke the International Emergency Economic Powers Act (IEEPA) to impose tariffs without the approval of Congress.<\/strong><\/p>\nAlthough it is unclear whether the supreme court will issue a ruling, it has scheduled Friday as a \u201cdecision day\u201d for releasing opinions, fuelling speculation that the tariff case could be decided this afternoon.<\/p>\n
The case centers on whether the administration can invoke the IEEPA to impose the tariffs and, if not, whether the United States would be required to refund duties already paid by importers.<\/p>\n
The court\u2019s ruling could also fall short of a definitive outcome on both issues.<\/p>\n