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The U.S. Could Owe $1 Trillion Should the Supreme Court Strike Down Emergency Tariffs

09.16.2025

MMM Partner Will Planert was recently featured in Business Insider discussing the constitutional issues raised by a Supreme Court case reviewing President Trump’s emergency tariffs. The case could require the government to refund between $750 billion and $1 trillion in collected tariffs if the Court rules they were imposed unlawfully.

In the article, Will explains that several justices may be wary of expanding presidential authority over broad economic decisions, noting parallels to the Court’s skepticism in other recent cases. He added that while the government has warned of “ruinous” economic consequences, this should not drive the Court’s analysis when the Constitution is at issue.

Read more here.