Anthony Scaramucci Says There's A 70% Chance Supreme Court Could Nix Trump's Tariffs— Could A 2026 Liquidity Surge Follow?

Core Viewpoint - Anthony Scaramucci predicts a 70% chance that the Supreme Court will rule to eliminate President Trump's tariffs, arguing they are unauthorized taxes imposed without congressional approval [2][3]. Group 1: Tariff Authority and Legal Challenges - Scaramucci asserts that Trump's imposition of tariffs without congressional approval constitutes an unauthorized tax, emphasizing that taxation in the U.S. requires representation [2][3]. - He suggests that if the Supreme Court rules in favor of Congress, companies expecting to pay 10-15% in tariffs might not have to pay them, potentially leading to a significant liquidity push in the markets next year [3][4]. - Scaramucci notes that the Supreme Court may not order refunds and could allow the tariff revenues to be retained, indicating previous losses in lower courts for Trump [4]. Group 2: Economic Implications and Policy Divide - Scaramucci has criticized Trump's trade and tariff policies, linking them to rising inflation and a slowdown in business and consumer demand [5]. - U.S. Treasury Secretary Scott Bessent expresses confidence in maintaining tariff policies, citing sections of the 1962 Trade Act that grant the president significant authority over import duties [6]. - A recent analysis from Oxford Economics outlines four potential tariff paths for the upcoming year, each with significant implications for inflation, employment, and financial markets, highlighting the ongoing importance of trade policy as an economic force [7].