According to CCTV International News, the Trump administration has not provided tariff collection data since December 14. However, economists at the Wharton Budget Model at the University of Pennsylvania estimated earlier today that the amount of Trump’s tariffs imposed based on the U.S. International Emergency Economic Powers Act has exceeded $175 billion. The money may need to be returned as the Supreme Court rules it is illegal.
The federal court justices upheld the lower court's ruling in a 6-3 decision, finding that Trump "exceeded his statutory authority" by invoking the U.S. "International Emergency Economic Powers Act" to impose tariffs. However, this ruling only restricted Trump from imposing tariffs through the U.S. International Emergency Economic Powers Act, but did not completely deprive him of his power to impose tariffs. Trump has previously imposed tariffs on copper, steel, aluminum and other products based on other trade laws.
After taking office in 2025, the Trump administration invoked the U.S. International Emergency Economic Powers Act and introduced a series of tariff increases by directly issuing executive orders without approval from Congress, triggering a series of legal proceedings in the United States. After the U.S. Court of Appeals for the Federal Circuit and the U.S. Court of International Trade respectively ruled that the Trump administration’s tariff package was illegal, the Trump administration appealed to the Federal Supreme Court.
Trump previously said, "This is going to be a mess and it will be almost impossible for our country to pay for it." "If the Supreme Court rules against the United States on this national security asset, we are screwed!"
After taking office in 2025, the Trump administration invoked the U.S. International Emergency Economic Powers Act and introduced a series of tariff increases by directly issuing executive orders without approval from Congress, triggering a series of legal proceedings in the United States.
On January 6, local time, the U.S. Supreme Court announced that it would make a ruling on the legality of the tariff policy on the 9th of this month. However, on the 9th, the U.S. Supreme Court stated that it would not rule on the Trump administration’s tariff case that day.
According to CCTV News, on January 20, local time, US President Trump accepted questions from reporters at a press conference. When asked whether an adverse ruling by the Supreme Court on tariffs would affect U.S. security policy toward Greenland, Trump said that if current tariff tools were limited, he "could use other means," such as through alternative means such as a "permit system." He emphasized that the method currently in use is "the best, strongest, fastest, simplest and least complicated", but it is not the only option.
A reporter asked if the Supreme Court's ruling is unfavorable to the federal government, will it cause the investment commitment of nearly one trillion U.S. dollars in the United States reached by the United States and the European Union to be "in vain". Trump responded that he was not worried about this, believing that Europe "very much needs to reach an agreement with the United States" and "had very difficult negotiations for this." He said that relevant investments are unlikely to be canceled as a result, but follow-up developments still need to be observed. He also revealed that a large number of talks have been arranged around Greenland, and that he will leave for Davos that night. It is expected that related matters "will progress quite smoothly."
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