The Supreme Court has postponed its ruling on the constitutionality of President Donald Trump’s 2024 tariffs on imports from China, Mexico, and Canada, with a decision now expected no earlier than spring 2026. The delay amplifies volatility across key sectors and financial instruments.
- The Supreme Court has delayed its ruling on Trump-era tariffs until at least spring 2026
- Tariffs on Chinese imports reached 25% under the 2024 orders, affecting $140 billion in annual trade
- Mexico and Canada face 10% tariffs on steel and aluminum, impacting $85 billion in bilateral trade
- The DIA and SPY indices have shown 3.2% and 2.8% volatility spikes since the delay was announced
- XLK and XLE sectors have seen 4.1% and 3.7% outflows in the past three weeks amid uncertainty
- The USDX has strengthened 1.6% against a basket of major currencies as risk-off sentiment grows
The U.S. Supreme Court has adjourned its review of the 2024 executive tariff orders, originally imposed under Section 301 and Section 232 of trade laws, citing incomplete briefs and procedural delays. The case, which could determine the legal foundation of nearly $380 billion in annual import duties, will now be reconsidered in the 2025–2026 term, with oral arguments tentatively scheduled for March 2026.
This article is based on publicly available information regarding court proceedings, trade policy developments, and market movements as of December 2025. No proprietary or third-party data sources are referenced.