Tariffs on decision watch
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 9 January 2026
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Friday, January 9th. I'm Julie Morgan. |
| 0:13.0 | All eyes are on the Supreme Court today. Chinese tech stocks rally, and the CEO of Disney meets with leaders in China. The Supreme Court is expected to issue |
| 0:24.2 | rulings today, and one of them could decide the fate of tariffs issued by President Trump last |
| 0:29.8 | year. The case centers on tariffs Trump put in place in 2025 using the International |
| 0:35.4 | Emergency Economic Powers Act, or IEPA. The administration argued that the |
| 0:41.3 | tariffs were needed to address what he called large and persistent U.S. trade deficits. Lower courts |
| 0:47.4 | ruled the move went beyond the president's authority, and the Trump administration appealed |
| 0:52.4 | sending the case to the Supreme Court. While the court does |
| 0:55.9 | not say in advance which decisions it will release, its fast-tracked handling of this case suggests |
| 1:01.8 | a ruling could come as soon as today. The president weighed in on social media this week, |
| 1:07.3 | urging the court to allow the tariffs to stand and crediting them for recent record highs in |
| 1:12.7 | U.S. markets currently put the odds of the court siding with Trump at about 25%. If the justices |
| 1:20.5 | strike down the tariffs, the federal government could be forced to refund more than $133 billion |
| 1:26.7 | in duties paid by importers, according to U.S. |
| 1:30.4 | Customs and Border Protection. |
| 1:33.3 | Alibaba saw its shares rally as much as 3.1% in Hong Kong, marking its strongest |
| 1:39.3 | intraday performance since late 2024. |
| 1:43.0 | This was triggered by a Bloomberg report stating that Beijing is |
| 1:46.4 | preparing to approve the import of NVIDIA's H-200 AI chips for commercial use as early as this |
| 1:53.3 | quarter. The news sparked a sector-wide rally with other Chinese AI leaders like Kawasho |
| 1:58.9 | technology and JD.com, each gaining over 4%. |
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