Trump Weighs Options to Keep $133 Billion in Tariff Revenue Despite Supreme Court Ruling It Was Unlawfully Collected
Summary
- The administration of U.S. President Donald Trump is reportedly seeking ways to maintain $133 billion in tariff revenue that the Supreme Court ruled was unlawfully collected.
- It said the administration is considering redesigning the tariff system under new legal authority or having companies forgo part of the amount during the tariff refund process.
- The outlet reported that tariffs are a core pillar of Trump's economic policy, and that the administration is seeking a balance over $133 billion between the federal fiscal burden and backlash from businesses and the judiciary.
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According to Walter Bloomberg on the 26th (local time), the administration of U.S. President Donald Trump is exploring ways to maintain $133 billion in tariff revenue that the Supreme Court ruled was unlawfully collected.
The administration is reviewing options including redesigning the tariff regime under new legal authority and requiring companies to forgo a portion of the amount as they seek refunds for tariffs already paid.
However, controversy is expected as the court is likely to scrutinize any attempt to delay or reduce refunds, while Democrats and businesses are demanding full repayment.
The refund process could take years, with U.S. Customs and Border Protection (CBP) and the Department of Justice expected to determine the pace of implementation.
The outlet reported that "tariffs are a core 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 businesses and the judiciary."


JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.



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