Reported 1 day ago
A recent court ruling that has blocked significant portions of President Trump's tariffs could create a $2 trillion fiscal gap for the U.S. over the next decade if upheld. This ruling jeopardizes expected tariff revenue crucial for offsetting a $4 trillion tax cut and poses challenges for Republican lawmakers trying to secure funding. The White House aims to appeal the decision, but if the ruling stands, it could diminish annual tariff revenues by nearly $200 billion, complicating fiscal plans amidst existing budget constraints.
Source: YAHOO