"Trump's team claimed in the petition that the economic consequences would be "ruinous" for the country should the tariffs be struck down. "For example, delaying a ruling until June 2026 could result in a scenario in which $750 billion - $1 trillion in tariffs have already been collected, and unwinding them could cause significant disruption," Treasury Secretary Scott Bessent said in a filing submitted to SCOTUS earlier this month."
"William Reinsch, the Scholl Chair in International Business at the Center for Strategic and International Studies, told Business Insider he expects the Supreme Court to make a final decision before the end of the year. "My experience with the Supreme Court is that when it comes to an economic issue, they don't always break along typical ideological lines," said Reinch. "The economic stakes here are significant in addition to the foreign policy stakes.""
The Supreme Court granted the administration's petition to hear and expedite litigation over President Trump's sweeping emergency tariffs after two lower courts declared the measures illegal. The administration warned that delaying review could result in $750 billion to $1 trillion in collected tariffs that might need unwinding. Treasury Secretary Scott Bessent characterized that outcome as potentially causing significant disruption. Legal experts argued that fiscal consequences should not determine the tariffs' legality and that the question centers on constitutional authority. William Reinsch said the Court's economic rulings do not always follow ideological lines and predicted a decision before year end.
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