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Supreme Court Strikes Down Trump Tariffs, Deficits Soar

3/6/2026

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Summary

Story summary

In 2025, the U.S. Supreme Court ruled tariffs imposed by U.S. President Donald Trump illegal, cutting Treasury revenues by about $300 billion.
The Congressional Budget Office estimates deficits will rise by $2 trillion from 2026 to 2036 because of the ruling.
The Committee for a Responsible Federal Budget projects tariffs could generate $35 billion in 150 days and up to $1.3 trillion by 2036, not offsetting the $2 trillion loss.

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Story summary

In 2025, the U.S. Supreme Court ruled tariffs imposed by U.S. President Donald Trump illegal, cutting Treasury revenues by about $300 billion.
The Congressional Budget Office estimates deficits will rise by $2 trillion from 2026 to 2036 because of the ruling.
The Committee for a Responsible Federal Budget projects tariffs could generate $35 billion in 150 days and up to $1.3 trillion by 2036, not offsetting the $2 trillion loss.