Exclusive: US tariff revenue at risk in Supreme Court ruling tops $175 billion, Penn-Wharton estimates - Reuters
Exclusive: US tariff revenue at risk in Supreme Court ruling tops $175 billion, Penn-Wharton estimates Reuters
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Notable Quotes
"The Treasury can easily cover any tariff refunds, though he is confident that the Supreme Court will uphold the IEEPA tariffs."
— Scott Bessent , Executive
"Boller said the PWBM model, built for long-term revenue forecasts, cross-references US Census Bureau import data on around 11,000 product import categories based on eight-digit tariff codes."
— Lysle Boller , Academic
"The Treasury can easily cover any tariff refunds, though he is confident that the Supreme Court will uphold the IEEPA tariffs."
— Scott Bessent , Executive
"Our task today is to decide only whether the power to 'regulate ... importation,' as granted to the president in IEEPA, embraces the power to impose tariffs. It does not."
— John Roberts , Politician
"Without tariffs ... everybody would be bankrupt. Everybody. The whole country would be bankrupt."
— Donald Trump , Politician
"And the language is clear that I have the right to do it as president. I have the right to put tariffs on for national security purposes."
— Donald Trump , Politician
Key People
Brett Kavanaugh is an Associate Justice of the Supreme Court.
Clarence Thomas is an Associate Justice of the Supreme Court.
Former president of the United States known for his aggressive economic policies.
Jair Bolsonaro is a Brazilian politician and retired army captain who served as the President of Brazil from 2019 to 2022.
Current U.S. President who has criticized Netanyahu's actions.
John Roberts is the Chief Justice of the United States.
Lysle Boller is a senior economist for the Penn-Wharton Budget Model.
Samuel Alito is an Associate Justice of the Supreme Court.
Scott Bessent is the Treasury Secretary.
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<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxQT2NZaTJYUkpYT1JJcjJUcXhjNFoyTEV6M3QzQk1nellOUHlFNlZFU2FTcTBITlJqYThDSVJUMTA2aFgxeWJoOUliRHktNTRXRFR3YUpPa19LOGs4aDhMNVVnQjNqTHZaVnRMd2c3T2luZUFTdjJzd1FpZXJKcVY5R3hqSFJJeFZMZ2l0Y19xTVlSeU1YZmtvUDhURE1UcUxGYm5DMExZU3lFczdMT3QtS3J2OTk1dw?oc=5" target="_blank">Exclusive: US tariff revenue at risk in Supreme Court ruling tops $175 billion, Penn-Wharton estimates</a> <font color="#6f6f6f">Reuters</font>
Economists estimate that over $175 billion in U.S. tariff collections could be refunded if the Supreme Court rules against President Trump's emergency tariffs.
Economists estimate that over $175 billion in U.S. tariff collections could be refunded if the Supreme Court rules against President Trump's emergency tariffs.
Economists estimate that over $175 billion in U.S. tariff collections could be refunded if the Supreme Court rules against President Trump's emergency tariffs.
Economists estimate that over $175 billion in U.S. tariff collections could be refunded if the Supreme Court rules against President Trump's emergency tariffs.
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