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Supreme Court Tariff "Bomb"? Fears Of A $200 Billion Refund Shock Are Overdone
Supreme Court Tariff "Bomb"? Fears Of A $200 Billion Refund Shock Are Overdone
Authored by Daniel Lacalle,
The market consensus reaction to the Supreme Court ruling on the Liberation Day tariffs exaggerates the negatives and ignores the options of the Trump administration.
Markets are overreacting to headlines about a $175–200 billion tariff refund financial hole. However, the Supreme Court ruling opens a long, narrow, and manageable process, not an imminent fiscal crisis.
In the days after the Supreme Court struck down the Trump Liberation Day tariffs, many sell-side analysts turned a complex legal...
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