Recent US political turmoil has once again stirred the global financial markets. The Supreme Court's ruling on Trump's tariffs policy has reached a deadlock, with the justices failing to provide an answer regarding the legality of this controversial policy.

As of January 14, the court has not issued a decision, only hinting that progress may be revealed during hearings on Tuesday or Wednesday this week. This uncertainty has directly impacted the markets: the Nasdaq index fell by 1%, the S&P 500 declined by 0.6%, and the semiconductor sector was hit hardest with a 1.1% drop. Consumer stocks were not spared either, with leading companies like Lululemon and Mattel experiencing declines, and even Stanley Black & Decker giving up previous gains.

The controversy centers on the so-called "Day of Liberation" tariffs. Scheduled to be implemented on April 2, this wave of tariffs will impose levies ranging from 10% to 50% on imported goods. During court debates, the justices expressed clear concerns—can Trump truly bypass congressional oversight by citing the 1977 emergency law? This legal issue is considered one of the hottest topics.

If the court rules unfavorably, the consequences could be profound. Analysts estimate that it could trigger a refund wave exceeding $130 billion, marking the most severe legal challenge since his return to the White House. For the global crypto asset market, US policy directions often determine market sentiment, making the outcome of this ruling something all investors should watch closely.