Supreme Court warns Trump’s illegal tariffs could force $133 billion in refunds — who pays for this mess, and will the U.S. economy feel the heat now?

$133 billion in tariff revenue is now in legal limbo after the ruled that President Donald Trump lacked authority to impose sweeping global tariffs under emergency powers. The Court’s majority concluded that the White House used the wrong statute — the International Emergency Economic Powers Act (IEEPA) — to levy broad import duties. In blunt language during oral arguments, justices acknowledged that refunding billions already collected could be “a mess.” For American businesses, the ruling is a massive, al ...