Hey fam 👋 Today (Jan 9, 2026), the U.S. Supreme Court is set to drop a decision on whether former President Trump can use the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports without Congress. This ruling could send shockwaves through global markets, so here’s the 411 for young, tech-savvy investors across South and Southeast Asia. 🌏💡
What’s at stake? If the court strikes down these emergency tariffs, the U.S. government might have to refund $150–200 billion to importers. That extra cash could flow into companies, giving sectors like retail and electronics a major boost. 📈
By the numbers: Last April, when the tariffs were first announced, U.S. stocks fell almost 5%. But in 2025, they bounced back over 16%, hitting fresh highs. So far in 2026, small-cap stocks are up about 4%, thanks partly to strong Fed support.
Risks on the horizon: Even if tariffs disappear, the administration can pivot to other legal tools—some allowing up to 15% levies. Plus, refunds could force more Treasury bond issuance, pushing yields higher and potentially cooling stocks. ⏳
Investor playbook:
1. Watch retail, consumer goods, and electronics—they stand to gain tariff relief.
2. Keep an eye on the 10-year Treasury yield; rising yields can rattle risk assets.
3. Focus on firms with strong supply chains and low debt—resilience is key. 🛠️
Bottom line: Today’s ruling isn’t just a U.S. story. It’s a global market mood check that could set the tone for 2026. Whether you’re trading via an app in Mumbai or building a portfolio in Kuala Lumpur, stay sharp, diversify, and always have a backup plan. 🚀
Reference(s):
Market risk mounts as Supreme Court weighs Trump's tariff powers
cgtn.com
