Trump Tariffs: Supreme Court Ruling Looms, $150 Billion at Stake

• The US Supreme Court is set to rule on the legality of Donald Trump's tariffs, imposed using a national security law, with potential financial implications exceeding $150 billion.
• Trump warned on Truth Social that a ruling against him, especially one ordering refunds, would be financially devastating for the US government, potentially costing hundreds of billions or even trillions.
• Three possible outcomes include: tariffs declared illegal with refunds, tariffs declared illegal without refunds, or the court upholding the tariffs.
• If tariffs are declared illegal and refunds ordered, the US government could face severe financial strain and further legal claims.
• India is closely monitoring the decision, as it could impact Indian exporters facing higher costs due to Trump's tariffs and shape future US trade policy.

Why It Matters: The US Supreme Court's decision on Trump's tariffs could have massive financial and trade policy implications.