Supreme Court to rule on Trump's emergency tariffs—and possible $1 trillion refunds
The US Supreme Court is about to decide if former President Trump actually had the legal power to slap big import tariffs on Canada, Mexico, and China using emergency laws.
If the Supreme Court agrees, American importers could get back up to $1 trillion in refunds.
Why does this matter?
This case isn't just about money—it's about who really gets to call the shots on US trade policy: the president or Congress.
Treasury Secretary Scott Bessent has already warned that refund amounts could keep rising as more tariffs are collected.
If the Court overturns these tariffs, businesses might face a paperwork nightmare trying to claim refunds, while customs agencies scramble to handle it all.
The decision will shape how much power future presidents have in emergencies and could impact millions of jobs and prices across the US economy.