Anne-Marie Hordern

This is going to be deemed illegal.

There's going to be a time period, if it is deemed illegal, where your companies are going to line up for refunds.

About 75 percent of Trump's tariffs are tethered to IEPA.

So they're going to have to find different avenues to legally have these justification for some of these tariffs.

So that is why everyone is so concerned.

But, yes, the Supreme Court really leaving us in the dark once again, unclear how they're going to rule on this.

We don't have an opinion yet again today.

The president spoke about this last night in Detroit.

He was saying, could you believe, could you imagine the Supreme Court is trying to rule that my tariffs are illegal?

But then he did say, we'll find another way.

So for financial markets concerns, although everyone does want to know whether or not

This is going to be deemed illegal.

There's going to be a time period, if it is deemed illegal, where your companies are going to line up for refunds.

About 75 percent of Trump's tariffs are tethered to IEPA.

So they're going to have to find different avenues to legally have these justification for some of these tariffs.

So that is why everyone is so concerned.

But, yes, the Supreme Court really leaving us in the dark once again, unclear how they're going to rule on this.

We have, though, heard from the administration within even just the past few weeks talking about the fact that they are hoping the Supreme Court upholds AIPA.

When you hear the president talk about AIPA, he says there's a flexibility to it.

It's a tool that's swift and powerful.