This Wednesday, the United States Supreme Court will make a pivotal decision that could change the rules of the game for the economy and consumers' wallets.
The justices must determine whether President Donald Trump had the legal authority to impose tariffs (taxes on imported goods) using a law called IEEPA (International Emergency Economic Powers Act).
Basically, the Court will decide whether the president abused his power by levying these taxes without going through Congress.
What would happen if the Court rules against the Government?
Money refunds: The government could be required to refund up to 150 billion USDT to companies that paid these taxes.
Lower prices: With these tariffs removed or reduced, many imported products could become cheaper for consumers.
Political blow: It would be a significant setback for Trump's trade strategy, just in a presidential election year.