A CNBC report warns the US could face a £760bn ($1tn) tariff refund crisis as the Supreme Court reviews President Trump's use of emergency trade powers.

The United States is facing what experts describe as a potential financial crisis as the Supreme Court reviews the legality of President Donald Trump’s wide-reaching emergency tariffs.

Justice Amy Coney Barrett called this scenario ‘a mess’, warning that the government could face an administrative crisis of unprecedented scale.

Trade lawyers say the impact could be overwhelming. Many of President Trump’s tariffs changed multiple times, and shipments often contained goods subject to different rates. The result is years of tangled customs data

  • N0t_5ure@lemmy.world
    6·
    1 day ago

    I fully expect them to say something like “Trump can’t change the tariffs but the government doesn’t have to return anything”

    I think that’s where this will end up. I doubt they’ll say straight out say that Trump’s unconstitutional tariffs have created a ridiculous mess that would be a nightmare to untangle, but that is what will be behind the ruling.