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Trump Tariffs Case Oral Argument to Begin Soon, Current Chance of Defeat Stands at 61%
BlockBeats News, November 5th, the probability on Polymarket that Trump will lose the tariff case in the Supreme Court is currently at 61%, with bettors expecting the Court to likely reject Trump's argument of "broad global tariffs without congressional approval." Just hours later, the oral argument battle over the president's emergency economic powers is about to begin. (Oral arguments at the U.S. Supreme Court usually start at 10 a.m. Eastern Time, which is 11 p.m. Beijing Time today.)
BlockBeats previously reported that the U.S. Supreme Court will hold oral arguments today on whether Trump can impose tariffs under the IEEPA. The key issue in the case is: Can the president impose broad tariffs on imported goods from around the world under the International Emergency Economic Powers Act (IEEPA)? The case's impact goes far beyond just trade policy; the Supreme Court's ruling will determine whether the president can bypass Congress by using emergency powers, potentially making this practice a routine tool of governance and profoundly affecting the constitutional separation of powers and the limits of presidential power.
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