The Supreme Court ruled 6-3 against using the IEEPA tariffs. This was largely expected. As we have been discussing, a strong ruling supporting the IEEPA tariffs may have posed more danger to markets, as it could have unleashed another “Liberation Day.” Rebates will be difficult to get. The first step will be deciding whether to make a claim or not. By making a claim will you risk upsetting the admin, which might be more detrimental to future business than it is worth? Maybe companies will view it as a “sunk” cost and move on. Will the claim be paid, or ... Tariff Ruling – Probably for the Best