“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” Trump wrote on Truth Social on Monday. The White House declined to share additional information on the tariff and how the Trump administration plans to implement it, referring CNN to the president’s post. If the justices find Trump lacked the legal authority to impose such tariffs, not only will he lose his ability to adjust countries’ levies without virtually any restrictions, but US could be on the hook to refund at least $130 billion in tariff revenue.
Author: Elisabeth Buchwald
Published at: 2026-01-12 22:06:43
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