[U.S. Supreme Court Debates Tariff Case, Potential Impact on Macroeconomy and Markets]
On November 6, the U.S. Supreme Court began deliberations on the case involving tariffs imposed by former President Trump under the International Emergency Economic Powers Act (IEEPA). Several conservative justices questioned the government's arguments, indicating that the judiciary may limit presidential trade authority. While the White House and Treasury Department remain optimistic about the outcome, the business community is concerned that uncertainty could persist for months. If the current tariffs are overturned, the effective U.S. tariff rate would drop to 6.5%, reducing the drag on GDP to 0.6%, though issues such as tax refunds and fiscal deficits may worsen.
Bitunix analysts pointed out that judicial risks are influencing macro liquidity expectations, with the dollar experiencing short-term volatility and strengthening, while safe-haven assets are supported. Bitcoin's short-term support level is $100,000, with resistance at $105,000. The ruling could trigger a structural revaluation cycle in the market.