Trump admin seeks to keep $133B in tariffs despite court ruling

The administration of U.S. President Donald Trump is exploring ways to retain $133 billion in tariff revenue that the Supreme Court has ruled was illegally collected, according to Walter Bloomberg. Measures under consideration reportedly include redesigning the tariff system under new legal authority and compelling companies to forfeit a portion of their refunds for tariffs already paid. However, courts are expected to closely scrutinize any attempts to delay or reduce the refunds, which the Democratic Party and businesses are demanding be returned in full. The refund process could extend for several years, with the pace of execution depending on Customs and Border Protection and the Department of Justice. Bloomberg explained that tariffs are a cornerstone of Trump's economic policy, funding tax cuts and potential direct payments. The administration is now balancing federal finances against potential backlash from corporations and the courts over the $133 billion at stake.