Markets could face near-term volatility in the wake of the Supreme Court’s decision to strike down tariffs levied under the Emergency Economic Powers Act (IEEPA). The ruling creates a complex landscape as markets adapt to multiple unresolved issues, including raised global tariffs, investigations and potential refunds. The Supreme Court ruled 6-3 that the administration's use of IEEPA to impose country-level tariffs was unlawful, a ruling that was overall directionally consistent with market expectations but went further than expected in overturning all the IEEPA tariffs. Unresolved was the issue of potentially ... (full story)