The U.S. Supreme Court is anticipated to deliver significant rulings on January 14, 2026, with considerable focus on the pending decision regarding the legality of tariffs imposed by President Donald Trump. As of January 13, 2026, the tariffs remain undecided, and a ruling was highly expected for tomorrow after no decision was issued on January 9, 2026. This high-profile case challenges President Trump's use of the International Emergency Economic Powers Act (IEEPA) to implement extensive tariffs during his second term. Businesses and several U.S. states contend that President Trump exceeded his constitutional authority in imposing these levies. Prior rulings from lower courts, specifically the U.S. Court of International Trade and the Federal Circuit, have sided against the administration, determining that the President's authority under IEEPA does not extend to such broad import duties. However, these injunctions were stayed pending the Supreme Court's review. Oral arguments in the consolidated cases (including *Trump, et al. v. V.O.S. Selections, Inc.* and *Learning Resources, Inc. v. Trump*) were heard on November 5, 2025. The financial implications of the Supreme Court's verdict are substantial, with estimates suggesting that overturning the tariffs could lead to over $100 billion, potentially up to $150 billion, in refunds to affected importers. President Trump has personally underscored the gravity of the situation, warning of a 'complete mess' and stating 'WE'RE SCREWED' if the Supreme Court rules to strike down his tariff policies, which have been a cornerstone of his economic and foreign policy strategy. The outcome of this decision is not only a critical test of presidential executive power in trade matters but also carries far-reaching consequences for global trade dynamics, international supply chains, and the wider world economy. For audiences in India, the ruling is particularly relevant as analysts indicate potential indirect ripple effects on emerging markets and Indian exporters. The verdict will clarify the boundaries of a U.S. President's unilateral authority in imposing trade duties, setting a significant precedent for future administrations.