Trump's Tariffs Face Supreme Court Test: $150 Billion Refunds at Stake

• The US Supreme Court will rule on the legality of Donald Trump's global tariffs, potentially impacting America's trade policy.
• Over 900 lawsuits seek $150 billion in refunds for tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
• The case questions if IEEPA, traditionally for sanctions, grants the president authority for broad tariffs; Trump was the first to use it this way.
• A ruling against Trump could trigger massive refunds for importers and reshape future presidential emergency trade powers.
• Financial firms are buying rights to potential tariff refunds from importers, betting on a favorable court decision.

Why It Matters: Supreme Court ruling on Trump's tariffs could lead to $150 billion in refunds and redefine presidential trade powers.