Supreme Court to Rule on Trump's Tariffs Next Week, Potential $150 Billion Refund at Stake
- Ruling Delay: The U.S. Supreme Court was expected to issue a ruling on January 9 regarding Trump's global tariffs but only released an unrelated criminal opinion, postponing the tariff case decision to next week and increasing market uncertainty.
- Legal Challenge: The case, Trump v. V.O.S. Selections, Inc., questions whether Trump has the authority to impose broad tariffs on nearly all U.S. trading partners without congressional approval under the International Emergency Economic Powers Act of 1977, and a ruling against him could reshape future trade policy.
- Economic Impact: Should the Supreme Court strike down the tariff regime, the federal government may be required to refund between $133 billion and $150 billion in duties already collected, significantly impacting over 1,000 companies and marking a potential watershed moment in U.S. trade law.
- Contingency Plans: The Trump administration has outlined a contingency plan, indicating that if the current tariffs are invalidated, it is prepared to pursue similar trade measures under alternative legal authorities, demonstrating a strong commitment to maintaining its trade policy.
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Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST) As of , JUST (JST) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0328 | 0.0357 | 0.0385 | 0.0415 | 0.0443 | 0.0472 | 0.0501 |
| Fibonacci | 0.0357 | 0.0379 | 0.0393 | 0.0415 | 0.0437 | 0.045 | 0.0472 |
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