Happy New Year 2026
As for legal predictions, I note that conventional wisdom is that the United States Supreme Court will limit the President's use of tariffs under an "emergency” rationale, but it may not matter because the President has other powers in this regard.
This sounds somewhat likely, but the real answer, of course, is that no one really knows what will happen. One thing I have learned is that those who appear to know the outcome of litigation beforehand really don't, and that virtually all participants in the legal system underestimate the risks of an adverse outcome. But looking at this philosophically, if litigants were to accurately gauge the risks of litigation, there would be far less of it and far less work for legal professionals.
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