Tariff Risk: $175B at Stake
The budget model from The Wharton School estimates the U.S. could face more than $175 billion in tariff refunds if the Supreme Court of the United States rules against President Donald Trump.
The legal challenge centers on tariffs imposed during Trump’s administration. If struck down, the government may be required to refund duties collected from importers a move with major fiscal and market implications.
Why is this important
• Potential strain on federal finances
• Trade policy uncertainty
• Repricing risk in affected sectors
• Broader implications for executive authority on tariffs
Markets are watching closely. A ruling against the administration could reset parts of U.S. trade policy and trigger ripple effects across global supply chains.
Policy risk is back in focus.
