The Trump administration has cautioned that a reversal of President Donald Trump‘s tariffs could pose a threat to federal benefits such as Social Security and Medicare.
US Warns Court Tariff Reversal Could Trigger Trillions In Refunds
Solicitor General D. John Sauer and Assistant Attorney General Brett Shumate voiced this concern to a federal appellate court on Monday, according to a report by Axios on Tuesday. They suggested that if the U.S. were forced to refund trillions of dollars from deals not yet fully finalized, the nation could face severe economic repercussions.
Tariff deals with Japan, South Korea, and the EU include pledges for over $1 trillion in U.S. project investments.
The U.S. Court of Appeals for the Federal Circuit is expected to soon rule on whether to affirm or overturn the Court of International Trade’s late-May decision that struck down most of Trump’s tariffs. Sauer and …