“The Big Money Show” panel discusses President Donald Trump’s rate-sharing plan for lower- and middle-income Americans.
President Donald Trump issued a warning on Truth Social on Monday, claiming the U.S. Supreme Court received “the wrong numbers” in an ongoing case challenging its authority to impose tariffs under emergency powers.
Trump said an unfavorable decision could lead to an economic “disturbance” of more than $3 trillion, calling it “an insurmountable situation.” National security eventThat would be “devastating to the future of our country – potentially unsustainable.”
The Supreme Court will rule on whether Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imported goods without additional approval from Congress was lawful.
TRUMP CALLS TARIFF Opponents ‘FOOLS’, PROMISES $2K DIVIDEND PAYMENTS FOR AMERICANS
President Donald Trump makes remarks about reciprocal tariffs as U.S. Secretary of Commerce Howard Lutnick holds a card during a Rose Garden event titled ‘Make America Wealthy Again’ at the White House in Washington, DC, on April 2, 2025. (Brendan Smialowski/AFP via Getty Images/Getty Images)
A ruling against Trump could require the administration to return billions of dollars in tariffs collected since 2024, potentially reshaping U.S. trade policy. testing the limits of the Presidential Economic Authority.
The figures highlight the vast reach of Trump’s tariff regime, which advocates credit with reviving U.S. manufacturing and reducing dependence on foreign suppliers. Critics argue that the duties act as hidden taxes on importers and consumers, driving up prices.
White House Trade and Manufacturing Advisor Peter Navarro detailed the “most powerful weapons” Trump has against inflation on “Mornings with Maria.” (Photo by Chip Somodevilla/Getty Images/Getty Images)
The Congressional Budget Office estimates that tariffs enacted between January and May 2025 will reduce federal deficits by about $2.8 trillion over the next decade, while GDP will decline slightly and inflation will rise by about 0.4 percentage points through 2027.
TRUMP SAYS TARIFF REVENUES TO FUND $2K CHECKS FOR AMERICANS, AND REDUCE NATION’S $38B DEBT
A separate analysis from the Tax Foundation shows that long-term tariff revenues will be about $2.2 trillion, or $1.6 trillion if reduced trade and slower growth are taken into account.
Trump’s $3 trillion figure roughly matches the upper limit of these estimates, although economists emphasize that this represents an interpretation and not a verified loss figure.
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The post underscores Trump’s efforts to frame the impending Supreme Court decision as a battle for economic sovereignty and national security, rather than a narrow dispute over trade law.
