The Supreme Court will hear oral arguments Wednesday on the legality of President Donald Trump’s sweeping “Liberation Day” tariffs, a landmark case that could upend the Trump administration’s signature economic policy, carry millions of dollars in ramifications for businesses and foreign countries and further expand Trump’s executive authority.

The U.S. Supreme Court will decide a series of important cases during its current nine-month term involving issues such as presidential powers, tariffs, transgender athletes, guns, race, campaign finance law,

While the industry is watching the case closely, one expert said a ruling against Donald Trump likely won't get the industry much money back.

The Times editorial board critiques the Supreme Court’s overuse of the emergency docket to deliver consequential decisions without explaining its reasoning.

"The court concluded in a really strong opinion that the directives that the agency had issued were unlawful, arbitrary and capricious," Shalini Agarwal said.