SCOTUS Poised To KILL Trump Tariffs
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SCOTUS Skepticism Toward Trump Tariffs Threatens Repayment of Billions
The Supreme Court is leaning against Trump's tariffs, potentially forcing the government to refund hundreds of billions in collected revenue. Understand the legal arguments and the massive economic implications of this ruling.
Short Summary
- Supreme Court justices, including conservatives, showed significant skepticism toward the executive authority used to implement the tariffs.
- Striking down the tariffs could mandate that the Treasury return hundreds of billions in collected revenue, creating fiscal chaos.
- Justices questioned the "donut hole" in the statute regarding the scope of presidential power to regulate trade.
This discussion analyzes audio from the Supreme Court hearing concerning the legality of former President Trump's tariffs. The proceeding focused heavily on judicial pushback against broad executive power delegation, which directly impacts Treasury finances and future presidential regulatory authority.
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Top Comments (10)
The damage is already done for a lot of small businesses who went under.
I listened live for all almost 3 hours and there was definitely skepticism, but I’ll believe it when I see it.
Right, cool. So the government might have to give back to the companies the money they paid for the tariffs but no one will move a finger to enforce those companies to give back the money to their customers who paid for it though. but guys, he did it "for the world".
Americans don’t realise that he is taxing the poor through consumption, allowing the wealthy to avoid higher taxes. And because this tax is indirect, there is no widespread revolt against it. This is what the tariff is.
John Sauer sounds like a bird lawyer from always sunny
One thing is for sure, we already know how Judge Thomas will vote.
“Poised”? I’ll believe it if they actually do strike it down.
"The entire world, would be in a depression." 🙄
Yes. I’m happy that this would cause congress to do their job.
whitkoff sons about to cash in. smh. all those small businesses lost.
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Top Comments (10)
The damage is already done for a lot of small businesses who went under.
I listened live for all almost 3 hours and there was definitely skepticism, but I’ll believe it when I see it.
Right, cool. So the government might have to give back to the companies the money they paid for the tariffs but no one will move a finger to enforce those companies to give back the money to their customers who paid for it though. but guys, he did it "for the world".
Americans don’t realise that he is taxing the poor through consumption, allowing the wealthy to avoid higher taxes. And because this tax is indirect, there is no widespread revolt against it. This is what the tariff is.
John Sauer sounds like a bird lawyer from always sunny
One thing is for sure, we already know how Judge Thomas will vote.
“Poised”? I’ll believe it if they actually do strike it down.
"The entire world, would be in a depression." 🙄
Yes. I’m happy that this would cause congress to do their job.
whitkoff sons about to cash in. smh. all those small businesses lost.