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US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
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US may end up owing $1 trillion in refunds
Economists urged SCOTUS to intervene and stop Trump’s attempt to seize authority to impose boundless reciprocal tariffs—arguing the economic impact “is predicted to be far greater than in two programs” SCOTUS previously struck, including the Biden administration’s $50 billion plan for student loan forgiveness.
In September, Treasury Secretary Scott Bessent warned justices that “the amount to be refunded could be between $750…
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