US Treasury Secretary: If Trump's tariffs are ruled illegal, potential tariff refunds could reach $1 trillion.
The U.S. government has collected hundreds of billions of dollars based on the so-called "equal tariff" implemented by Trump. However, if the Supreme Court upholds the lower court's ruling - that tariffs imposed on imported goods are illegal, these duties may be refunded, along with even more funds. What could be the final refund amount? U.S. Treasury Secretary Scott Benet warned in a statement submitted to the Supreme Court that the total refund amount could be between $750 billion and a staggering $1 trillion.
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