Big events are happening this Friday. The U.S. Supreme Court is scheduled to rule at 10:00 AM on a key case—whether the global tariff policies implemented by the Trump administration are lawful. Don’t be fooled by the simple ruling; the financial stakes and market influence behind it are enormous.

How astonishing are the numbers? Last year alone, the U.S. government collected $200 billion in tariffs. This is no small figure, covering almost all major import categories such as technology, automobiles, and apparel. If the court rules the tariffs illegal, the U.S. government will not only have to refund billions of dollars but the entire import cost structure of the supply chain will need to be reshuffled. Technology companies, retail sectors—industries highly sensitive to imports—will be the first to bear the brunt.

The issue is that the judges themselves are skeptical of the tariff authority. The 1977 law was originally designed with some flexibility, and it’s uncertain whether it can withstand this legal scrutiny. However, even if they lose the case, the Trump administration has prepared other legal tools, and it’s highly likely they will continue to push hard on this tariff policy.

So, once the verdict is announced on Friday, risk assets, the USD exchange rate, and trade-sensitive stocks are expected to fluctuate sharply. The crypto market is always sensitive to macro policy changes, and leading cryptocurrencies like ETH and BTC will directly reflect market sentiment. Whether it’s bullish or bearish depends on how the court rules.

Now is the time to start assessing which industries will benefit from or be harmed by the tariff policies, and to prepare asset allocations accordingly. What do you think about the market trend on Friday?