Bitunix Analyst: US Business and Political Sectors Join Forces to Encircle Trump, Supreme Court Set to Rule on Tariff Power Battle

November 4th: The American business community, along with Congress members and former government officials, is uniting in an unprecedented legal action against the Trump administration. They are urging the Supreme Court to limit the President's use of "emergency tariff powers." Groups such as the U.S. Chamber of Commerce and several former national security officials have submitted nearly 40 legal briefs opposing Trump's expansion of power under the guise of a trade war. There are few supporters, and the political and legal standoff is intense. Trump has characterized the case as "one of the most important cases in American history," emphasizing that depriving the President of the ability to quickly impose tariffs would "endanger national security." However, the U.S. Chamber of Commerce has responded by stating that trade barriers have already had a severe impact on business investment and consumer confidence, warning that policy uncertainty is slowing overall growth. Legal experts believe that this case will become a milestone in defining the boundaries between executive and legislative powers and will also affect the direction of more than $500 billion in potential tariff revenue. Bitunix Analyst Insights: If the power of the trade war is restricted, it will reshape the U.S. trade landscape and global risk asset pricing. The U.S. dollar may face short-term pressure, with a rising trend towards safe-haven assets. For the crypto market, if there is a shift towards policy easing and an improvement in the liquidity environment, BTC's mid-term structure is expected to benefit, although heightened volatility will still be the main theme. The current market focus is shifting from interest rates to policy legitimacy, and the outcome of the legal ruling could become a key turning point in the macroeconomic landscape of the fourth quarter.