“`html
Supreme Court Tariff Ruling Impacts Key Companies
The U.S. Supreme Court recently heard arguments regarding tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA). While the ruling is still pending, predictions indicate a potential reversal benefiting several companies, particularly Apple, General Motors (GM), and United Parcel Service (UPS).
Apple reported a $1.1 billion cost from tariffs in Q4 of fiscal 2025, which is expected to rise to $1.4 billion in Q1 of fiscal 2026. GM has faced a gross tariff cost of $1.1 billion in Q3 2025, with total exposure projected between $3.5 billion and $4.5 billion for the full year. UPS’ CEO noted a 35% drop in daily volume from China to the U.S. during May and June 2025.
A ruling against the tariffs could trigger positive reactions in the stock market, particularly for these companies, with analysts predicting significant gains if the Supreme Court sides with those opposing the tariffs.
“`
