"Former federal prosecutor Jeffrey Toobin threw Anderson Cooper for a loop on Wednesday by telling the host that if the Supreme Court strikes down President Donald Trump's tariff regime, the administration will have to give back the money it has taken in. Hours earlier, the U.S. Supreme Court heard oral arguments on the constitutionality of the tariffs, which Trump unilaterally imposed in April by invoking the 1977 International Emergency Economic Powers Act, which gives the president vast powers during a national emergency."
"So far, the U.S. has collected about $200 billion in tariffs since Trump rolled out sweeping tariffs on dozens of countries in April. Several businesses and states have sued the Trump administration and argue that tariffs are effectively a tax, which only Congress has the power to levy under the Constitution. The president has long claimed that other countries pay tariffs when their goods are imported into the U.S. However, the tariff is actually paid to the U.S. Treasury by the importing entity,"
Oral arguments were held on the constitutionality of tariffs imposed in April under the 1977 International Emergency Economic Powers Act (IEEPA). The administration argues trade deficits constitute a national emergency and has collected roughly $200 billion in tariffs. Plaintiffs contend the tariffs function as a tax that only Congress may levy. Importers pay tariffs to the U.S. Treasury and typically pass costs to consumers. Many justices, particularly conservative ones, expressed strong skepticism of the administration's legal defense, signaling a challenging path for the solicitor general and raising the possibility that collected tariffs may need to be refunded if struck down.
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