Tariffs Overturned: What Happens To The $200 Billion Already Collected?

The Supreme Court delivered a long-awaited decision on Friday, striking down President Trump’s sweeping International Emergency Economic Powers Act (IEEPA) tariffs. But while the court ruled on the legality of the tariffs themselves, it did not address whether the United States must refund more than $200 billion in revenue already collected. “The court’s decision is ...