{"id":7043,"date":"2025-11-02T14:38:14","date_gmt":"2025-11-02T14:38:14","guid":{"rendered":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/2025\/11\/02\/trade-deals-and-90-billion-in-tariff-revenue-whats-riding-on-the-landmark-supreme-court-case-kicking-off-this-week-cnn\/"},"modified":"2025-11-02T14:38:14","modified_gmt":"2025-11-02T14:38:14","slug":"trade-deals-and-90-billion-in-tariff-revenue-whats-riding-on-the-landmark-supreme-court-case-kicking-off-this-week-cnn","status":"publish","type":"post","link":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/2025\/11\/02\/trade-deals-and-90-billion-in-tariff-revenue-whats-riding-on-the-landmark-supreme-court-case-kicking-off-this-week-cnn\/","title":{"rendered":"Trade deals and $90 billion in tariff revenue: What\u2019s riding on the landmark Supreme Court case kicking off this week – CNN"},"content":{"rendered":"
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In just a few days, the Supreme Court will start hearing arguments in what President Donald Trump is calling \u201cone of the most important cases in the history of our country.\u201d <\/p>\n

With the bulk of his tariffs \u2014 arguably the cornerstone of his entire economic agenda \u2014 in jeopardy, he has floated an unprecedented appearance at the nation\u2019s highest court. <\/p>\n

The case will consider whether Trump had the legal authority to impose tariffs by citing a law known as the International Emergency Economic Powers Act (IEEPA). <\/p>\n

Trump used those powers to push import tax rates as high as 50% on key trading partners including India and Brazil and as high as 145%<\/a> on China earlier this year. <\/p>\n

A ruling against the president does not mean the sudden cancellation of all tariffs in place, but the outcome could radically reshape Trump\u2019s economic strategy. <\/p>\n

Here\u2019s what\u2019s riding on the Supreme Court\u2019s decision: <\/p>\n

As of September 23, American businesses have paid nearly $90 billion to cover the IEEPA tariffs being challenged, according to US Customs and Border Patrol data. That\u2019s more than half of the tariff revenue the country collected during the 2025 fiscal year, which ended on September 30. <\/p>\n

Earlier this month, Trump said in an interview with Fox Business that if the Supreme Court ruled against him, \u201cwe\u2019d have to pay back money\u201d and reimburse companies for the billions of dollars they have already paid. <\/p>\n

While the case plays out \u2014 and it could go on for several months \u2014 businesses will need to keep paying IEEPA tariffs, so the sum of potential refunds will keep growing. <\/p>\n

However, it would not be an easy or quick process for businesses to get refunds. It\u2019s also unclear if all businesses that have paid these tariffs would qualify for a refund. The justices would likely make such determinations if they ultimately render Trump\u2019s IEEPA tariffs illegal, trade attorneys told CNN<\/a>. <\/p>\n

The threat of instantly imposing higher tariffs is a key tool<\/a> Trump has used to pressure countries into entering trade agreements and, in some cases, signing deals with the United States. In exchange, trading partners have committed to increasing purchases of American goods and increasing their investments in American businesses on top of lowering tariffs on American exports. <\/p>\n

But all that could be jeopardized if the Supreme Court sides against Trump. <\/p>\n

\"President<\/picture> <\/div>\n

\u201cThe IEEPA tariffs have been the basis for countries to reach agreements with the United States, and it is unknown what happens if the IEEPA tariffs no longer can be imposed,\u201d Dave Townsend, a partner in Dorsey & Whitney\u2019s International Trade Group, said in a note last week. <\/p>\n

\u201cPresumably, the Trump Administration will claim that nothing changes, and that the agreements remain valid,\u201d he added. But it could certainly incentivize trading partners to try to go back to the drawing table with Trump, aiming to get better arrangements. It could even empower some countries to impose their own retaliatory tariffs on American exports until their own border taxes are lowered. <\/p>\n

US presidents have always had an extensive menu<\/a> of tariffs to impose. But Trump has mainly used two in his second term: the IEEPA tariffs and Section 232 tariffs, which give the president the authority to impose higher tariffs on national security grounds. <\/p>\n

Section 232 tariffs can only be used to target specific industry sectors, and require an investigation by the Commerce Department. Trump has used Section 232 this year to raise border taxes on autos, auto parts, steel, aluminum, copper and furniture, among others. He\u2019s also initiated several ongoing investigations that could result in higher levies on a slew of other goods. <\/p>\n

Trump will retain the ability to impose those tariffs as well as several others no matter how the Supreme Court rules. But none of those will allow him to change import duties with the flick of a switch, as he has done with IEEPA. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In just a few days, the Supreme Court will start hearing arguments in what President Donald Trump is calling \u201cone of the most important cases in the history of our country.\u201d With the bulk of his tariffs \u2014 arguably the cornerstone of his entire economic agenda \u2014 in jeopardy, he has floated an unprecedented appearance […]<\/p>\n","protected":false},"author":1,"featured_media":7044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/posts\/7043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/comments?post=7043"}],"version-history":[{"count":0,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/posts\/7043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/media\/7044"}],"wp:attachment":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/media?parent=7043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/categories?post=7043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/tags?post=7043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}