Supreme Court Ruling Against Trump Tariffs Could Cost U.S. $168 Billion

The U.S. government faces a potential $168 billion liability if the Supreme Court rules that the Trump administration improperly used the International Emergency Economic Powers Act to impose tariffs on numerous countries. As of December 5, the government collected $259 billion in tariff revenue, but a ruling against the tariffs could require refunds to importers. Critics argue that tariffs have harmed small businesses and consumers, while the Trump administration defends them as vital for the economy. Despite possible refunds, many businesses feel the financial damage has already occurred.

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