The Economic Times

$175 billion refund? SC flags 'messy' process as Trump & Co may have to give the money back

The US Supreme Court has ruled against President Trump's trade tariffs. This decision could lead to over 175 billion dollars in refunds for collected duties. The court stated the President exceeded his authority in imposing these tariffs. This ruling impacts a key part of Trump's economic strategy. Businesses faced uncertainty and rising costs due to these tariffs.