Bank France and Pakistan pointed out in its 2026 outlook report that if the US Supreme Court rules that US President Trump's use of emergency powers to implement comprehensive tariffs is unconstitutional, the US dollar may weaken immediately after the ruling. “This is because a key fiscal revenue will be negatively affected, which in turn raises questions about the sustainability of the US fiscal deficit.” Analysts say this may cause investors to demand higher premiums before they are willing to hold dollar assets. However, the report also points out that the Trump administration may eventually make up for the fiscal gap caused by loss of tariff revenue by implementing alternative tariff measures.

Bank France and Pakistan pointed out in its 2026 outlook report that if the US Supreme Court rules that US President Trump's use of emergency powers to implement comprehensive tariffs is unconstitutional, the US dollar may weaken immediately after the ruling. “This is because a key fiscal revenue will be negatively affected, which in turn raises questions about the sustainability of the US fiscal deficit.” Analysts say this may cause investors to demand higher premiums before they are willing to hold dollar assets. However, the report also points out that the Trump administration may eventually make up for the fiscal gap caused by loss of tariff revenue by implementing alternative tariff measures.