TRUMP CRITICIZES SUPREME COURT OVER $159B TARIFF DECISION Trump says a Supreme Court ruling on tariffs could force the U.S. to repay $159 billion to companies and countries.

Former President Donald Trump criticized a Supreme Court decision that may compel the U.S. government to refund $159 billion in collected tariffs to companies and foreign nations, reigniting debate over trade policy and fiscal exposure. The ruling introduces uncertainty around the legal standing of past tariff collections, potentially triggering capital outflows from U.S. Treasury holdings and affecting the dollar’s standing as a reserve currency due to perceived fiscal risk. Markets most exposed include U.S. sovereign debt, trade-exposed equities, and multinational corporations that previously bore the cost of tariffs, as investors reassess liability risks and potential tax implications to cover repayments. The decision could also dampen future tariff enforcement, altering trade policy expectations under a potential Trump administration. Traders will watch the Biden administration’s legal response and any legislative moves to address the ruling ahead of the next Treasury refunding announcement.

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