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Donald Trump issues new Supreme Court warning as tariff decision looms

Trump warns that overturning tariffs under the 1977 International Emergency Economic Powers Act could trigger complex financial disputes involving hundreds of billions in refunds and trillions in investments.

  • 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.
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supplychaindive.com broke the news in on Monday, January 12, 2026.
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