"President Donald Trump warned that a looming Supreme Court ruling could cost the United States in excess of 3 Trillion Dollars if justices strike down his authority to impose sweeping tariffs, a move he said would be devastating for the economy. The court is considering whether Trump exceeded his presidential powers under the International Emergency Economic Powers Act, which he invoked to justify a raft of tariffs central to his foreign and economic policy."
"A decision against the administration could force the government to refund billions to businesses that paid the tariffs, potentially unraveling trade deals built around the policy. Trump has claimed the economic fallout would top $3 trillion, claiming on Truth Social late Monday that the Supreme Court was given the wrong numbers: The court, which heard arguments earlier this month, is expected to deliver its ruling by December."
The Supreme Court is weighing whether invocation of the International Emergency Economic Powers Act to impose broad tariffs exceeded presidential powers. Lower courts found the tariffs unconstitutional absent congressional approval, creating a major test of executive authority. A ruling invalidating the tariffs could require the government to refund billions to businesses and might unravel trade arrangements tied to the policy, with estimates of economic fallout exceeding $3 trillion. The court heard arguments recently and is expected to issue a decision by December, while political rhetoric has included claims of dividends and national security concerns.
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