PHOTO: NYTIMES[SINGAPORE] The fate of US President Donald Trump’s tariff regime could face a major test on Wednesday (Jan 14) in the US Supreme Court. The import taxes remained in place amid appeals by the Trump administration, giving the administration time to make its case before the Supreme Court. Stephen Dover, chief market strategist and head of the Franklin Templeton Institute, said the Supreme Court could potentially invalidate Trump’s powers to broadly impose tariffs for national emergency reasons. But analysts believe that such a ruling would far from spell an end to Trump’s tariff regime, which could look to avenues apart from IEEPA to impose tariffs. “Markets may also become more concerned over the independence of the Supreme Court, with significant rulings due on the Federal Reserve, immigration and election processes,” said Langham.

Source: International New York Times January 14, 2026 13:58 UTC