Here’s why Trump may not have the authority to impose tariffs in the Supreme Court case.

Legal Analysis - The Supreme Court is likely to rule that the president lacks the authority to impose these tariffs under the 1977 International Economic Power Emergency Act [1] - The president's aggressive actions may violate the major questions doctrine, requiring Congress to make such decisions [2] - The base case is a 50% to 65% probability that the Supreme Court will side with the lower courts, overruling the AIPA authority [3] Sector Impact - Sectors such as furniture, lumber, timber, aircraft, trucking, pharma, and semis are expected to be aggressively impacted [3]