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U.S. would have to refund half its tariff revenue if IEEPA duties invalidated

U.S. would have to refund half its tariff revenue if IEEPA duties invalidated

A key source of revenue for the federal government could be drastically slashed if the Supreme Court upholds a ruling that President Donald Trump’s reciprocal tariffs are illegal. On NBC’s Meet the Press with Kristen Welker on Sunday, Treasury Secretary Scott Bessent expressed confidence that the justices would side with the Trump administration, adding that there “are numerous other avenues that …

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