UBS: U.S. Supreme Court Ruling on Tariffs Could Have Significant Economic Impact

UBS Group has explored the potential repercussions of a U.S. Supreme Court decision potentially overturning President Trump’s tariffs. If this ruling occurs, importers could see approximately $140 billion in taxes refunded to them, representing 7.9% of the projected federal budget deficit for fiscal year 2025. A legal loss for the U.S. government would likely result in a significant budgetary shift and potentially establish a framework with significantly lower tariffs across trade agreements.