In an unprecedented legal challenge, U.S. business leaders, lawmakers, and former government officials have joined forces to petition the Supreme Court to limit the president’s authority to impose “emergency tariffs.” Nearly 40 amicus briefs have been submitted — including from the U.S. Chamber of Commerce and several former national security officials — opposing Trump’s expansion of executive trade powers under the pretext of national security. Support for the administration’s position remains limited, setting the stage for a high-stakes legal and political confrontation.
Trump has described the case as “one of the most important in American history,” arguing that restricting the president’s ability to swiftly impose tariffs would “endanger national security.” In response, the U.S. Chamber of Commerce warned that escalating trade barriers have already damaged corporate investment and consumer confidence, and that persistent policy uncertainty is weighing on overall economic growth. Legal experts note that the ruling could redefine the balance between executive and legislative powers, while determining the fate of over $50 billion in potential tariff revenues.
Bitunix Analyst View:
If presidential tariff powers are curtailed, it could reshape the U.S. trade framework and reprice global risk assets. The U.S. dollar may come under short-term pressure, while safe-haven demand could rise. For the crypto market, a softer policy stance and improved liquidity conditions could support Bitcoin’s medium-term structure, though heightened volatility is likely to remain the dominant theme. As the market’s focus shifts from interest rates to the legitimacy of policy authority, the Supreme Court’s ruling may serve as a pivotal moment for the macro landscape in Q4.
