Overview
- Trump warned on Truth Social that a ruling curbing his tariff authority would be the “biggest threat in history to United States National Security” and leave the country “financially defenseless.”
- The Supreme Court fast-tracked the case and heard arguments in November, with Justices Amy Coney Barrett, Neil Gorsuch and Chief Justice John Roberts signaling skepticism of the administration’s position.
- Lower courts have repeatedly ruled against the administration’s use of emergency powers to levy broad, revenue-raising tariffs.
- Treasury data show tariff receipts were about $195 billion last fiscal year and roughly $31 billion so far this year, far below Trump’s public claim of taking in “trillions.”
- Trump continues to lean on tariffs across rivals and allies, including authorizing documents for a 5% tariff threat on Mexico over a water dispute, as critics warn of higher prices and foreign retaliation.