#supreme-court-tariff-ruling

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#trade-policy #trade-policy-economic-impact #federal-deficit-projections #consumer-pricing-relief
US Elections
fromFortune
1 week ago

CBO highlights the good news in Trump's lost tariff revenue hiking the deficit by $2 trillion: lower inflation and unemployment-and higher GDP | Fortune

Supreme Court struck down most Trump tariffs, eliminating $300 billion annual revenue but providing relief to U.S. consumers and businesses from pricing pressures.
US Elections
fromFortune
1 week ago

The Treasury may need to borrow extra $1.6 trillion to cover the hole left by tariff ruling, says CBO-adding $400 billion in debt interest by 2036 | Fortune

Supreme Court ruled most 2025 tariffs illegal, eliminating $300 billion in annual Treasury revenue and increasing projected deficits by $2 trillion over a decade.
fromFortune
1 week ago

Trump's loss of $1.7 trillion in tariff revenue will send the national debt to $58 trillion by 2036, think tank projects | Fortune

Without that revenue, CRFB projects the national debt will climb to 125% of GDP-or roughly $58 trillion-by fiscal year 2036, compared to a baseline projection of $56 trillion, or 120% of GDP, that assumed the IEEPA tariffs would remain in force. Deficits in that scenario will rise to 7.1% of GDP, or $3.3 trillion.
US politics
US politics
fromemptywheel
2 weeks ago

The Bullshit about John Roberts' Tolerance for Bullshit - emptywheel

The Supreme Court's tariff ruling prompted debate over judicial impartiality, with observers disagreeing on whether it demonstrates independence or reflects partisan patterns in decision-making.
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