For Trump, the most important moment after taking office is approaching. This Friday (11 PM Beijing time) is the U.S. Supreme Court's opinion consultation day, which marks a key point where the Supreme Court will first directly address the legality of Trump's global tariffs at a procedural level. It could even be the first time the Supreme Court makes a ruling on Trump's global tariff policy.
Currently, the support rate on Kalshi is only 30%, which means it is very likely that the Supreme Court will initially determine that Trump's tariffs are illegal. This would have a significant impact on Trump, as a large part of his work after taking office in 2025 will revolve around these tariffs.
Moreover, the previously mentioned plan to distribute money to the public also relies on tariffs. If Trump's tariffs are deemed illegal and canceled or partially canceled, although the Trump administration may use other means to maintain some tariffs, it is unlikely to be the comprehensive tariffs that were in place before.
The cancellation of tariffs, while it would greatly affect Trump's approval ratings and credibility, would still help with inflation in the U.S. More importantly, if Trump's tariffs are declared illegal, it would have a tremendous impact on the boundaries of his power.
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