President Donald Trump has a warning about a potential loss on tariffs at the Supreme Court.
“If the Supreme Court rules against the United States of America on this National Security bonanza, WE’RE SCREWED,” Trump wrote on Truth Social on Monday.
That warning, contained in the latest post in what’s become a regular stream of Truth Social missives on the subject of tariffs and the Supreme Court, comes as observers await to see how the court rules.
A decision could come as soon as Wednesday, though there’s little indication of whether it will occur then, or at some other date in the coming weeks.
The court will rule on whether Trump can impose tariffs under a national security law known as the International Emergency Economic Powers Act, or IEEPA.
Many of Trump’s tariffs have been imposed under that law. Lower courts have found those tariffs to be illegal, and bettors on prediction market sites like Polymarket and Kalshi currently put the odds of a ruling against Trump at around 70%.
If that happens, the US may have to refund the billions of dollars in revenue that the government has collected from the IEEPA tariffs.
Trump argued that the amount was worth “Trillions of Dollars” when accounting for investments that US companies have made to avoid tariffs.
“It would be a complete mess, and almost impossible for our Country to pay,” Trump wrote.
Trump’s comments are at odds with what Treasury Secretary Scott Bessent said about potential tariff refunds over the weekend, when he told Reuters that it “won’t be a problem if we have to do it.”
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