The battle over Trump's tariffs is far from over

The Supreme Court blocked a significant chunk of President Donald Trump’s sweeping tariff policy, but the administration is pressing on. This weekend the president announced plans to impose a 15% “worldwide” tariff under Section 122, which allows broad tariffs to be implemented for up to 150 days; a more permanent approach would likely require action from Congress.

One major open question is the fate of the $133 billion collected from the struck-down tariffs. More than a thousand companies have filed suits seeking refunds, a process that promises to be messy and litigious as firms weigh the benefits of pursuing money back against the risk of antagonizing the administration.

Some Democrats have urged $1,700 refunds directly to Americans, while Goldman Sachs warned shoppers should not expect prices to fall soon. The ruling will reshape market expectations.

United States

donald trump, tariffs, section 122, supreme court, $133 billion, refunds, lawsuits, companies, congress, goldman sachs