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US Treasury Secretary: If Trump's tariffs are found illegal, potential tariff refunds could reach $1 trillion
4days ago

The US government has collected tens of billions of dollars under the so-called "reciprocal tariffs" implemented by Trump. However, if the Supreme Court upholds lower court rulings that the tariffs imposed on imported goods are illegal, these taxes and more could ultimately be refunded. In a statement submitted to the Supreme Court, US Treasury Secretary Scott Bessant warned that the total refund could range from $750 billion to a staggering $1 trillion. (Jinshi)