BlockBeats News, November 6: The U.S. Supreme Court debated on November 6 over President Trump’s implementation of tariffs under the International Emergency Economic Powers Act (IEEPA). Several conservative justices questioned the government’s argument, indicating that the judicial branch may be prepared to limit the president’s trade authority. The White House and the Treasury Department remain optimistic about the outcome, stating that they “believe the court will make the right decision.” However, the business community has prepared for the worst-case scenario, fearing that the uncertainty may persist for at least several more months.
Analysts point out that even if the court rules unfavorably, Trump could still use other statutes to maintain tariff pressure, indicating that trade tensions may not ease. If the current tariffs are overturned, the effective U.S. tariff rate would fall to 6.5%, reducing the GDP drag to 0.6%, but the issues of refunds and fiscal deficits are expected to worsen. Both the Atlantic Council and the New American Security Center have warned that this action not only weakens a core part of its international economic agenda but may also reshape the major trade dynamics between the U.S. and Europe as well as the Asia-Pacific region.
Bitunix Analyst View: Judicial risk is now affecting macro liquidity expectations, leading to short-term strength in the U.S. dollar and supporting safe-haven assets. Bitcoin is consolidating in a high-volatility range, with short-term support at the $100,000 psychological level and short-term resistance at $105,000. If the ruling weakens the executive’s intervention capacity, the market may enter a period of structural reassessment, with funds reevaluating policy risks and the value of risk assets.
