The Supreme Court Could Rule on Trump's Tariffs. Here's What Market Experts Expect.

Group 1 - The Supreme Court is expected to rule on President Trump's tariff policy, which could significantly impact markets and individual stocks, with a complex range of possible outcomes [1][2] - If the tariffs are deemed illegal, companies heavily affected by the tariffs, such as Dick's Sporting Goods, Mattel, and Hasbro, could see substantial reductions in tariff expenses [5][3] - Retailers currently face an estimated incremental tariff of 20%, which could be alleviated if the IEEPA tariffs are struck down, although new tariffs may be introduced at around 15% [6][5] Group 2 - The tariffs imposed last year resulted in an average tax increase of $1,100 per U.S. household, projected to rise to $1,400 this year, but could decrease significantly if the IEEPA tariffs are removed [4][3] - The court's decision may not provide total clarity, as it could either fully support or partially roll back the tariffs, potentially allowing for a grace period for the administration to adjust legal authorities [7][8] - Even if tariffs are fully repealed, the Trump administration has alternative powers to reimpose or replace current tariff levels, adding uncertainty to trade policy [9][8]