Trump tariff revenue of $175B at stake after Supreme Court ruling: Estimate

More than $175 billion in U.S. tariff revenue could be refunded after the U.S. Supreme Court ruled against President Trump’s sweeping emergency tariffs Friday, according to economists with the Penn Wharton Budget Model (PWBM), a fiscal research group at the University of Pennsylvania. The economists’ findings, which were first reported in Reuters, note that the…