The US Supreme Court on Wednesday, January 14, 2026, once again deferred its highly anticipated decision on the legality of President Donald Trump's sweeping global tariffs. This marks the second time in a week the apex court has not issued a ruling on the contentious case, having also bypassed a decision on January 9, 2026. The Supreme Court had an 'opinion day' scheduled, and while it released three other decisions, the tariff challenge was conspicuously absent from the pronouncements. Oral arguments in the case were heard on November 5, 2025, and involve a direct challenge to the President's authority to impose broad tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law originally intended for national emergencies. Lower courts had previously found that President Trump, who returned to office in January 2025 and imposed these tariffs in April 2025, exceeded his statutory authority. The administration, however, appealed these lower court judgments, bringing the matter before the Supreme Court. The outcome of this case holds immense significance, not only for defining the scope of presidential power in the United States but also for its profound implications on the global economy and international trade. President Trump has vehemently defended his tariff policy, considering it crucial for the US economy, and has warned of severe financial repercussions, potentially involving 'hundreds of billions of dollars' in repayments, should the Supreme Court rule against his administration. The ongoing uncertainty has left businesses, investors, and international trading partners, including India, awaiting clarity on the future of these trade measures.