Potential Trump tariff refund bill could top $1 trillion as Supreme Court fight looms | Crypto Craft

  • Potential Trump tariff refund bill could top $1 trillion as Supreme Court fight looms

    From cnbc.com

    The United States government has already collected tens of billions of dollars from President Donald Trump’s “reciprocal tariffs.” But that money — and a lot more — could end up being refunded if the Supreme Court agrees with lower courts that many of the levies on imports from other countries are illegal. How much could that end up being? Anywhere between $750 billion to a whopping $1 trillion, warned Treasury Secretary Scott Bessent in a declaration filed with the Supreme Court last week. That eye-popping total could include the more than $72 billion in tariff revenue collected so far by U.S. Border and ... (full story)

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Polimini
Sep 9, 2025 2:48am
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when will us non Americans start getting our refunds for the tariffs we allegedly paid.
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TheDazman
Sep 9, 2025 2:28am
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Tariffs are a great little stealth tax from this administration, and they also have the benefit of encouraging reshoring over the long-term. But it seems this administration is just using it to fund tax decreases elsewhere instead of using it to reduce the debt // deficit which is counter-productive.
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Horiyomy
Sep 9, 2025 2:51am
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Quoting Polimini
when will us non Americans start getting our refunds for the tariffs we allegedly paid.
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Schultz
Sep 9, 2025 1:36am
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From the article -

With tariffs, we are a rich nation; without tariffs, we are a poor nation,” Sauer wrote.

See, that is just blatant propaganda. An obvious lie on so many levels. I am happy to explain why if anyone isn't sure why.

It trickles down to folk actually believing it.
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TimmyBTrades
Sep 9, 2025 1:30am
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*It would also include money projected to be collected from the at-risk tariffs by next June.

Unbelievably inflated number.

SC ruling tariffs as illegal would only prolong the uncertainty, admin has made clear they will try every avenue to make them stick. That said, clearly overstepping IEEPA (imo), so would not be shocked if that is how the court rules.
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Schultz
Sep 9, 2025 5:42am
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Quoting TheDazman
Tariffs are a great little stealth tax from this administration, and they also have the benefit of encouraging reshoring over the long-term. But it seems this administration is just using it to fund tax decreases elsewhere instead of using it to reduce the debt // deficit which is counter-productive.
I'll say!! Hardly anyone noticed.

I think every country on earth should follow Trumps example, but maybe spice things up a bit just to make things interesting. You know, be a bit unpredictable and ad hoc.

Each country make a little formula of their own based on whatever they like, so that each country has a different tariff, and also a different tariff for every different type of good.
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Tony112
Sep 9, 2025 1:26am
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Well, that sounds quite BLACK-SWANISH in my ears, doesn't it?
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Bakker
Sep 9, 2025 10:08am
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This will comes to nothing.
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chiche
Sep 9, 2025 8:23am
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Add the 1billion from powerball tax
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zamans98
Sep 9, 2025 1:17am
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as usual, nothing solid from the court.
At worst, the court will seek adjustment to the current tariff rates, with a better % to both parties. WIN-WIN.
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yudhasby
Sep 9, 2025 1:27am
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remove tariffs, interest rates fall = usd becomes strong again
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Faizan0909
Sep 9, 2025 1:11am
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Sell gold
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Nhestrading
Sep 9, 2025 1:21am
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sounds perfect. remove tariffs
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240z
Sep 9, 2025 1:29am
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Get FOX NEWS to pay the bill.
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Trader#A474
Sep 9, 2025 8:51am
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Quoting Trader#92A6
South Park nailed tariffs so perfectly as always.. This season is just Gold..
They been nailing shit for nearly 30 years now

Still pertinent today:

Inserted Video


And this one just screams MAGA:

Inserted Video




Oh yeah, back on topic. This will change things, drastically, if the tariffs go.

Market ripping moment I hear.... Still a ways to go yet. I believe trump had 45 days?

Probably one the biggest Epic Fails in History. On ya Trump! :rolf:
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Trader#D3A2
Sep 9, 2025 9:06am
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Quoting Polimini
when will us non Americans start getting our refunds for the tariffs we allegedly paid.


I just collect mine from NQ. It has been paying out nicely since Trump took control of the wheel.

Just over 12 months ago when we had the 1st warning sign that ALL of this was coming. I feel like I have been in a 12 month Glory Hole

I am off to Hawaii in 2 weeks. Going to buy a beach hut with my NQ and ES profits :dance:
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Trader#6E87
Sep 9, 2025 1:36am
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Will this news
make gold and silver prices down
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Trader#77C4
Sep 9, 2025 1:39am
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Now we can buy gold because selling pressure is over
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Trader#C087
Sep 9, 2025 2:14am
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Unfortunately, when it comes to doing the right thing *and* saving the economy, or bailing out the unconstitutional behavior of the orange dicktator, we know who the Supreme Court will side with.
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Trader#47E5
Sep 9, 2025 2:16am
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just sell gold mans and wait when gold starting to up trend and its time to buyy gold
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Trader#92A6
Sep 9, 2025 2:38am
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South Park nailed tariffs so perfectly as always.. This season is just Gold..
Reply
Trader#88AC
Sep 9, 2025 9:44am
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Faaaaaaaark me. This will be interesting if Chump has to pay back all that moolah.

I am stocking the shelves with yet more Popcorn.

The Premier Event is about to start.

Hold onto your hats
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