$175 Billion in limbo: Supreme Court ruling triggers tariff refund mystery and fresh trade chaos
The U.S. Supreme Court struck down key Trump tariffs, prompting a new 15% global tariff order and creating legal and market chaos.
The European Union demands “full clarity” and insists the U.S. honor a 2025 trade deal, warning of severe economic instability.
U.S. authorities will stop collecting the illegal tariffs but have not addressed potential refunds, leaving billions in revenue in question.
Global markets reacted negatively, with the dollar falling and gold rising as investors sought safety from the uncertainty.
The situation risks a major transatlantic trade war, with the EU prepared to deploy powerful economic countermeasures if the U.S. reneges on its agreements.
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