US could owe $1 trillion should Supreme Court strike down emergency tariffs

Trump’s team claimed in the petition that the economic consequences would be “ruinous” for the country should the tariffs be struck down.

“For example, delaying a ruling until June 2026 could result in a scenario in which $750 billion – $1 trillion in tariffs have already been collected, and unwinding them could cause significant disruption,” Treasury Secretary Scott Bessent said in a filing submitted to SCOTUS earlier this month…

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