Former Speaker of the House Paul Ryan is predicting further disruptions to President Trump’s wide-ranging tariff regime, with consequences for financial markets.

He said Wednesday that Trump’s emergency tariff authority, which is the legal basis for Trump’s country-specific “reciprocal” tariffs that are set to go into effect on Thursday, is likely to be struck down by the Supreme Court.

An appeals court is currently reviewing that authority, which Trump invoked through the 1977 International Emergency Economic Powers Act (IEEPA), becoming the first president in history to use the law for tariffs.

“It’s more than likely that the Supreme Court knocks out IEEPA, the law that’s being used for these tariffs, which doesn’t have the word ‘tariff’ in it. Then the president is going to have to g

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