The United States government has already collected tens of billions of dollars from President Donald Trump' s "reciprocal tariffs."
But that money — and a lot more — could end up being refunded if the Supreme Court agrees with lower courts that many of the levies on imports from other countries are illegal.
How much could that end up being?
Anywhere between $750 billion to a whopping $1 trillion, warned Treasury Secretary Scott Bessent in a declaration filed with the Supreme Court last week.
That eye-popping total could include the more than $72 billion in tariff revenue collected so far by U.S. Customs and Border Protection enforcement since Trump's "liberation day" announcement, according to data as of Aug. 24.
It would also include money projected to be collected from the