U.S. Supreme Court Hears Challenge to Trump Tariff Authority on Nov. 6

The U.S. Supreme Court held oral arguments on Nov. 6 regarding tariffs imposed under the International Emergency Economic Powers Act, with multiple conservative justices questioning the government's position, BlockBeats reports. The White House and Treasury Department expressed confidence in a favorable ruling, while the corporate sector prepares contingency plans amid uncertainty expected to persist for months. If the tariffs are overturned, the effective U.S. tariff rate would fall to 6.5%, reducing GDP drag to 0.6%, though tax refunds and fiscal deficit concerns would intensify. Bitunix analysts note that judicial risk is affecting macro liquidity expectations, with Bitcoin consolidating between $100,000 support and $105,000 resistance.