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❌🇺🇸 CNBC: US Supreme Court questions legality of Donald Trump's tariffs.
At 6:00 PM Moscow time, the Supreme Court began hearings on the legality of Donald Trump's tariffs against most countries.
Justices (both conservative and liberal) expressed skepticism – tariffs are effectively taxes, and Trump may have overstepped his authority.
The Treasury Department will have to return $750,000,000,000 (❗️) if the court finds the tariffs illegal.
If the tariffs remain in place, they will generate $3,000,000,000,000 in revenue for the US economy by 2035 (according to CNBC estimates).
Earlier, Donald Trump called the lawsuit "a matter of life and death for the country," claiming the tariffs protect the US economy and security
❌🇺🇸 CNBC: US Supreme Court questions legality of Donald Trump's tariffs.
At 6:00 PM Moscow time, the Supreme Court began hearings on the legality of Donald Trump's tariffs against most countries.
Justices (both conservative and liberal) expressed skepticism – tariffs are effectively taxes, and Trump may have overstepped his authority.
The Treasury Department will have to return $750,000,000,000 (❗️) if the court finds the tariffs illegal.
If the tariffs remain in place, they will generate $3,000,000,000,000 in revenue for the US economy by 2035 (according to CNBC estimates).
Earlier, Donald Trump called the lawsuit "a matter of life and death for the country," claiming the tariffs protect the US economy and security
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