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Opinion: The US Supreme Court may rule on the legality of Trump's tariffs this Friday, potentially leading to a market-wide decline.
On January 7th, crypto KOL Wimar.X(@DefiWimar) posted that January 10th (this Friday) could become the “worst day” in this year’s market, as the U.S. Supreme Court may rule that Trump’s tariffs are illegal (currently, the probability of this event on Polymarket is as high as 78%), leading to a crash in U.S. stocks, cryptocurrencies, and bonds. Wimar.X believes that historical cases show that an “illegal tariff ruling” will trigger massive tariff refunds (Wimar.X states the maximum scale could reach $600 billion), which usually require years of litigation on a case-by-case basis, causing non-immediate cash flow shocks. Notably, community members think that the scale of tariff refunds mentioned in the article is exaggerated, and the market volatility at that time will be an opportunity for manipulation rather than a collapse. Tom Lee also reposted the article and commented that “this could be a contrarian signal.”