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US Treasury Secretary: Potential Tariff Refund Size Could Reach $1 Trillion if Trump Tariffs Ruled Illegal

Summary: According to reports, the US government has collected billions of dollars based on the so-called 'equal tariffs' implemented by Trump. However, if the Supreme Court upholds the lower court's ruling that tariffs on imported goods are illegal, these funds, and possibly more, could be refunded. US Treasury Secretary Scott Besent warned in a statement submitted ...

According to reports, the US government has collected billions of dollars based on the so-called 'equal tariffs' implemented by Trump. However, if the Supreme Court upholds the lower court's ruling that tariffs on imported goods are illegal, these funds, and possibly more, could be refunded. US Treasury Secretary Scott Besent warned in a statement submitted to the Supreme Court that the total refund amount could be between $750 billion and a staggering $1 trillion.

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Link: US Treasury Secretary: Potential Tariff Refund Size Could Reach $1 Trillion if Trump Tariffs Ruled Illegal [Copy]

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