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The US Supreme Court is reviewing President Trump's tariffs, which lower courts deemed illegal. The Treasury estimates that overturning the tariffs could cost the government $750 billion to $1 trillion in already collected revenue. Legal experts argue that the economic consequences shouldn't influence the Court's constitutional decision, focusing instead on whether the President overstepped his authority. A decision is expected before year's end, with potential for a refund process similar to past Supreme Court rulings on unconstitutional taxes.

Prepared by Christopher Adams and reviewed by editorial team.