Trump warns ‘we’re screwed’ if Supreme Court strikes down his tariff authority
Trump warns that overturning tariffs under the 1977 International Emergency Economic Powers Act could cost the U.S. hundreds of billions in refunds, risking economic instability.
- On Jan. 14, the U.S. Supreme Court could issue an opinion as President Donald Trump warns the United States would face severe disruption if tariffs are overturned.
- The administration invoked the 1977 International Emergency Economic Powers Act to impose tariffs, prompting a coalition of small businesses and a dozen states to sue; two lower federal courts ruled the president lacked authority.
- Legal analysts note refunds could top $133.5 billion as courts may force payments, while Treasury chief Scott Bessent said the Treasury holds nearly $775 billion for reimbursements.
- A ruling against the administration could require withdrawing IEEPA tariffs and halt their collection, affecting existing levies and delivering a major blow to President Donald Trump's domestic trade agenda.
- During November oral arguments several justices expressed skepticism about using IEEPA to justify broad tariffs, with Chief Justice John Roberts describing the levies as taxes on Americans.
104 Articles
104 Articles
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Trump fears he’s ‘screwed’ as Supreme Court considers tariffs
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Trump Says Unfavorable Tariff Ruling Could Cost US 'Hundreds of Billions' Or Even 'Trillions', Warning It Would Be 'Almost Impossible' To Pay
President Donald Trump warned that the U.S. could face massive economic consequences if the Supreme Court rules against the federal government in ongoing legal challenges to its tariff policies. In a lengthy post on Truth Social on Monday, Trump said a negative ruling could force the U.S. to repay "many hundreds of billions of dollars" in tariffs already collected, with potential costs ballooning into the trillions once related investments are f…
Trump says if Supreme Court strikes down his tariffs: 'WE'RE SCREWED!'
President Donald Trump warned that the U.S. would face a "complete mess" and difficulty repaying tariff collections if the Supreme Court rules against his unilateral authority to impose them. He stated on social media that refunds could be "almost impossible" and "may not be possible" due to the immense complexity and scale of the potential payouts.
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