Bitunix Analyst: The Supreme Court Targets Tariff Authority, The White House Looks on Optimistically

According to Mars Finance, on November 6, the U.S. Supreme Court debated the case in which Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose tariffs. Several conservative justices questioned the government's claims, indicating that the judiciary may be preparing to limit presidential trade powers. The White House and the Treasury remain optimistic about the outcome, stating, 'We believe the court will make the right decision,' but the business community is preparing for the worst-case scenario, concerned that uncertainty may last for several more months. Analysts point out that even if the court rules unfavorably, Trump could still use other statutes to maintain tariff pressure, meaning trade tensions are unlikely to ease. If the current tariffs are overturned, the effective tariff rate in the U.S. would drop to 6.5%, reducing the drag on GDP to 0.6%, but issues of tax rebates and fiscal deficits are bound to worsen. Both the Atlantic Council and the Center for a New American Security warned that this move would not only undermine the core of its international economic agenda but could also rewrite the major trade patterns between the U.S. and Europe as well as the Asia-Pacific region. Bitunix analysts suggest that judicial risk is seeping into macro liquidity expectations, with the dollar strengthening in the short term, supported by safe-haven assets. Bitcoin is consolidating in a high volatility range, with short-term support at the 100,000 dollar level and short-term pressure above at 105,000 dollars. If the ruling weakens administrative intervention capabilities, the market may enter a structural revaluation cycle, with funds reassessing policy risks and the value of risk assets.