Tidbits, Jan S&D Estimates, Crude Oil & Economy, Export Sales 1/9/26
- Wright team
- 24 minutes ago
- 5 min read
Tidbits
Tariffs: The U.S. Supreme Court is expected to announce later this morning their decision on the legality of Trump’s tariffs. The administration faces the possibility of having to refund nearly $150 billion paid in tariffs to importers if the court declares that the sweeping duties Trump has imposed under the International Emergency Economic Powers Act are illegal.
Venezuela: The U.S. Senate voted yesterday to advance a resolution that would bar President Donald Trump from taking further military action against Venezuela without congressional authorization, even as Trump said U.S. oversight of the troubled nation could last years.
The Senate voted 52 to 47 on a procedural measure to advance the war powers resolution, as a handful of Trump’s fellow Republicans voted with every Democrat in favor of moving ahead toward a final vote on the matter.
Crude oil prices were sharply higher yesterday for a variety of possible reasons:
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