Looking likely that Supreme Court will strike down tariffs - Market will take off

Thats not what happened. What happened was the implementation under the act used.

A Justice ask the attorney suing the admin, is there other ways the admin could put these into play... his response was yes.


So the whole picture is that Trump will use other means to put them into place. While the market will pop, it will react again when they are put into place via those other means.

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Will the money have to be refunded to whoever collected the tariff funds?

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I've heard that too.

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Looking likely that Supreme Court will strike down tariffs - Market will take off

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In January maybe. Supreme court will not release decision until early next year.

Shouldn't the customers (us) that paid mark up on goods because of the tariifs that were later refunded, also be a due refund on the mark ups?

It's tongue in cheek, but this is how ridiculous we have become in our court system.

GROK says:

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The U.S. Constitution grants Congress the primary authority over tariffs under Article I, Section 8, which states that "The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises." Tariffs, as a form of duties or imposts on imports, fall squarely within this legislative power. However, Congress has delegated significant authority to the President through various statutes, allowing executive action under specific conditions such as national security threats, unfair trade practices, or economic emergencies. These delegations are generally upheld by courts as constitutional, provided they include an "intelligible principle" to guide presidential discretion, as established in cases like J.W. Hampton, Jr. & Co. v. United States (1928).

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It will be a 5-4 decision. We know how most will vote. Roberts is obviously in the tax group. This all comes down to Coney-Barrett.

to wit:

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Mike Johnson is a spineless weasel

SCOTUS spent almost no time discussing whether the "emergencies" Trump is claiming are actual emergencies. They are entirely deferential to him on this topic. The legal question the court is considering is something else entirely.

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My question is what happens to the millions of dollars already collected from the tariffs if the SCOTUS rules they were collected illegally?

Will the money have to be refunded to whoever collected the tariff funds?

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It'll probably be like any other big corporate lawsuit. Lawyers get $100s of millions and affected will get $10.