"The U.S. Supreme Court could rule as soon as Friday on whether President Trump's tariff regime is unconstitutional. If the court strikes down his trade policies, it could jeopardize up to one-third of Trump's newly proposed military budget, according to a post by the president on social media.Trump said Wednesday on Truth Social that he wanted to increase U.S. military spending from $1 trillion to $1.5 trillion."
"About 1,000 companies are petitioning the court to scrap the tariffs. If they are successful, the White House would have to figure out a mechanism to pay them all back. That would be a non-trival undertaking. According to data from Bloomberg provided to Fortune via Pantheon Macroeconomics, tariff revenue is being generated at a current rate of $30.4 billion per month, for an annualized rate of $364.5 billion."
The U.S. Supreme Court may rule imminently on the constitutionality of President Trump's tariff regime. A court decision striking down the tariffs could remove a major revenue source linked to plans to raise military spending from $1 trillion to $1.5 trillion. Betting markets and observers assign low probabilities to the tariffs surviving, and just 25–29% market odds exist on some platforms. About 1,000 companies have petitioned to scrap the tariffs, raising the prospect of large refunds. Bloomberg data show tariff revenues running about $30.4 billion per month, annualized to $364.5 billion.
Read at Fortune
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