Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(AFP/Getty)The U.S. government has refunded $81 billion in tariffs collected under Donald Trump's administration, following a U.S. Supreme Court ruling that deemed his signature economic strategy illegal. The Supreme Court, in a 6-3 decision, found that Trump lacked clear congressional authorization for his tariff policy, with conservative justices John Roberts, Neil Gorsuch, and Amy Coney Barrett siding with liberal colleagues. Trump expressed strong disapproval of the ruling, stating he was 'absolutely ashamed' of the justices he appointed to the bench. Economic analysis by Mark Zandi, chief economist at Moody’s Analytics, indicated that Trump's tariffs caused 'significant damage to the economy,' contributing to stalled job growth and increased inflation. Despite the legal setback, Trump's administration maintains a 10 percent temporary global tariff, set to expire soon, and continues to use tariffs as a threat in international trade discussions. In fullTrump admin refunds $81B in tariffs after his key trade policy was struck down by Supreme CourtMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Trump forced to return $81 billion after Supreme Court torpedoes tariffs
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(AFP/Getty)The U.S. government has refunded $81 billion in tariffs collected under Donald Trump's administration, following a U.S. Supreme Court ruling that deemed his signature economic strategy illegal. The Supreme Court, in a 6-3 decision, found that Trump lacked clear congressional authorization for his tariff policy, with conservative justices John Roberts, Neil Gorsuch, and Amy Coney Barrett siding with liberal colleagues. Trump expressed strong disapproval of the ruling, stating he was 'absolutely ashamed' of the justices he appointed to the bench. Economic analysis by Mark Zandi, chief economist at Moody’s Analytics, indicated that Trump's tariffs caused 'significant damage to the economy,' contributing to stalled job growth and increased inflation. Despite the legal setback, Trump's administration maintains a 10 percent temporary global tariff, set to expire soon, and continues to use tariffs as a threat in international trade discussions. In fullTrump admin refunds $81B in tariffs after his key trade policy was struck down by Supreme CourtMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
