- The U.S. government has refunded $81 billion in tariffs collected under Donald Trump's administration, following a U.S. Supreme Court ruling that deemed his signature economic strategy illegal.
- The Supreme Court, in a 6-3 decision, found that Trump lacked clear congressional authorization for his tariff policy, with conservative justices John Roberts, Neil Gorsuch, and Amy Coney Barrett siding with liberal colleagues.
- Trump expressed strong disapproval of the ruling, stating he was 'absolutely ashamed' of the justices he appointed to the bench.
- Economic analysis by Mark Zandi, chief economist at Moody’s Analytics, indicated that Trump's tariffs caused 'significant damage to the economy,' contributing to stalled job growth and increased inflation.
- Despite the legal setback, Trump's administration maintains a 10 percent temporary global tariff, set to expire soon, and continues to use tariffs as a threat in international trade discussions.
IN FULL
Trump admin refunds $81B in tariffs after his key trade policy was struck down by Supreme Court
