The U.S. Supreme Court has not ruled on the legality of the Trump administration's tariffs. Personally, it seems that Chief Justice John Roberts and his colleagues continue to delay issuing a decision on the IEEPA tariffs, which might indicate a subtle shift in the court's stance. The scenario we discussed last week is becoming possible: ruling the tariffs unconstitutional but keeping the existing tariffs unchanged, meaning the White House cannot impose additional tariffs, nor does it need to issue refunds.