PiCK

Trump weighs ways to preserve $133 billion in tariff revenue despite Supreme Court ruling it was illegally collected

JH Kim

Summary

The administration of Donald Trump said it is seeking ways to preserve $133 billion in tariff revenue that the Supreme Court ruled was illegally collected.
The administration said it is considering redesigning the tariff regime under new legal authority and pushing companies to forgo part of the amount during the tariff refund process.
Tariffs are a central pillar of Trump’s economic policy, and the administration is said to be seeking a balance between the federal fiscal burden and pushback from companies and the judiciary.

Forecast Trend Report by Period

According to Walter Bloomberg on the 26th (local time), the administration of U.S. President Donald Trump is exploring ways to keep $133 billion in tariff revenue that the Supreme Court ruled had been collected unlawfully.

The administration is considering options including redesigning the tariff regime based on new legal authority, and requiring companies to forgo part of the amounts as they seek refunds of tariffs they have already paid.

However, controversy is expected as courts are likely to closely scrutinize any attempt to delay or reduce refunds, while Democrats and companies are demanding full repayment.

The refund process could take years, and U.S. Customs and Border Protection (CBP) and the Department of Justice are expected to determine the pace of implementation.

The outlet reported that "tariffs are a central pillar of Trump’s economic policy, and have been used as part of the funding for tax cuts and potential direct payments," adding that "with $133 billion at stake, the administration is seeking a balance between the federal fiscal burden and pushback from companies and the judiciary."