One of the biggest events of January and even 2025 for cryptocurrency investors was this tariff decision. After the hearing held in November, everyone was certain that the tariffs would be canceled by the Supreme Court.
Supreme Court Tariff Decision
Last year, Donald Trump imposed additional customs tariffs at different rates on all countries in the world. We have seen Trump, who normally has the authority to impose a 15% tariff for a limited time, have a showdown with China and announce tariff rates exceeding 110%, bargaining processes and mutual tariff increases. Trump, who solved the tariff problem with the whole world by the end of 2025, reached an agreement on reasonable rates for everyone and mentioned that they achieved a total income of 600 billion dollars.
But many US citizens appealed to the courts on the grounds that Trump did not have the authority to impose these rates amid last year’s tariff debates. Although the lower courts annulled the tariffs, the issue went all the way to the Supreme Court, which is the final authority. The Supreme Court, which did not announce a temporary stay on tariffs last year, was expected to announce its decision at 18:00 today.
Has the decision been made?
The decision has not been announced and US agencies think that the decision may come on January 12 at the earliest. If a decision comes surprisingly today, we will see it published by 03:00. For now, it looks like the uncertainty will continue over the weekend. Postponing the decision slightly increased the possibility of a decision in favor of Trump.
