A landmark Supreme Court ruling against President Trump’s tariffs has cost the federal government an estimated $1.7 trillion in projected revenue through 2036, according to a new analysis by the Committee for a Responsible Federal Budget (CRFB), setting the United States on a course toward a national debt of $58 trillion within the next decade if the country continues its current rate of spending.
The nonpartisan fiscal watchdog, which released its findings on Tuesday, found that the court’s decision striking down tariffs imposed under the International Emergency Economic Powers Act (IEEPA) has altered the country’s fiscal trajectory in the direction of larger debts and deficits.
