Trump Touts 'Record-Setting' Tariff Revenues as Supreme Court Decision Nears

Overview

• Posting on Truth Social, the president claimed tariffs have already yielded hundreds of billions of dollars and said receipts will surge as earlier importer stockpiling fades.
• He argued the payments will be record setting and said the tariff program would deliver new national wealth and security.
• Trump accused opponents of serving hostile foreign interests and said he is awaiting the Supreme Court’s decision on the case.
• The D.C. Circuit ruled on August 29 that he lacked authority to impose many of the tariffs, the administration appealed, and reporting on the November 5 Supreme Court hearing noted some justices voiced doubts.
• Coverage citing the Congressional Budget Office and other analyses reports projected fiscal gains far below administration claims, with commentators also flagging potential inflation implications for the Federal Reserve.