Trump Warns of $3 Trillion Economic Impact if Supreme Court Overturns Tariffs
Former President Donald TRUMP has escalated his rhetoric on tariff policy, claiming a Supreme Court rejection of his trade measures under the International Emergency Economic Powers Act could trigger a $3 trillion economic collapse. The warning came via Truth Social, where Trump framed the potential ruling as an "insurmountable National Security Event" that would devastate U.S. economic prospects.
Goldman Sachs analysts project $115-$145 billion in tariff refunds may be required if the Court rules against Trump in late 2025 or early 2026. The bank's assessment follows contentious Supreme Court hearings where justices scrutinized the legal basis for tariffs imposed during Trump's administration, which have generated $88 billion in revenue to date.