{"id":237170,"date":"2026-01-08T13:02:10","date_gmt":"2026-01-08T18:02:10","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=237170"},"modified":"2026-01-08T13:44:01","modified_gmt":"2026-01-08T18:44:01","slug":"just-a-23-chance-that-the-supreme-court-upholds-trump-tariffs","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/just-a-23-chance-that-the-supreme-court-upholds-trump-tariffs\/","title":{"rendered":"Just a 23% Chance That the Supreme Court Upholds Trump Tariffs: Jan. 8, 2026"},"content":{"rendered":"\n<p>There\u2019s a heavy amount of pessimism concerning whether the Supreme Court will uphold President Trump\u2019s tariffs. The chances were a coin-flip prior to the Justice\u2019s initial opinions, in which several conservative members questioned the commander in chief\u2019s authority to implement broad-based levies on a plethora of nations. Following those developments, trading has been quite volatile, as odds rose to 34% on the day after Christmas before falling to 21% on Jan. 3 and then reaching a high of 26% this morning. The stakes are elevated as the nation\u2019s highest court gears up for the decision, with the US collecting roughly $313 billion in duty revenues since the beginning of fiscal year 2025 through December. Indeed, a blockage would likely hamper onshoring ambitions, worsen the country&#8217;s budgetary health and send rates higher. Conversely, near-term corporate earnings would strengthen.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"358\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/01\/Picture1-3-1100x358.jpg\" alt=\"\" class=\"wp-image-237172 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/01\/Picture1-3-1100x358.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/01\/Picture1-3-700x228.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/01\/Picture1-3-300x98.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/01\/Picture1-3-768x250.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/01\/Picture1-3.jpg 1505w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/358;\" \/><\/figure>\n\n\n\n<p><em>Source for images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of Jan. 8, 2026.<\/em>&nbsp;<\/p>\n\n\n\n<p><em>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<\/em><a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>here<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s a heavy amount of pessimism concerning whether the Supreme Court will uphold President Trump\u2019s tariffs. <\/p>\n","protected":false},"author":903,"featured_media":218521,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[18929,18,6,8,9,26,3],"tags":[199],"contributors-categories":[13760],"class_list":{"0":"post-237170","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecast-trader","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-tariffs","15":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Just a 23% Chance That the Supreme 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His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/02\/us-tariffs-featured-img-1.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=237170"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/218521"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=237170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=237170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=237170"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=237170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}