U.S. May Owe Over $200B If Trump Loses Tariff Lawsuit
September 3, 2025
11:29 am
American businesses could be in line for refunds exceeding $200 billion if the Supreme Court upholds a recent federal appeals court ruling that President Donald Trump unlawfully imposed sweeping tariffs during his second term.
The case centers on Trump’s use of the International Emergency Economic Powers Act (IEEPA) to levy duties on imports from countries including India, Brazil, and China—at rates as high as 50% and, in China’s case, 145%. The appeals court determined his actions exceeded his legal authority.
As of August 24, US companies had paid more than $210 billion in tariffs now deemed illegal. Trump acknowledged Tuesday …
