U.S. Commerce Consultant Jamieson Greer joins ‘Mornings with Maria’ to debate the Supreme Court docket tariff showdown, potential $200B fallout and new progress in U.S.-China commerce relations.
U.S. Commerce Consultant Jamieson Greer warned Thursday that as a lot as $200 billion could possibly be at stake because the Supreme Court docket considers overturning President Donald Trump’s tariffs—a ruling he says might spark a significant financial shake-up.
“The court docket itself signaled, ‘What do you do [with the money] within the case that the tariffs are overruled?” Greer stated Thursday on “Mornings with Maria.”
The justices are weighing whether or not Trump’s broad import tariffs—imposed amid commerce disputes with China and different nations—are legally justified.
Greer defined that if the tariffs are struck down, sure plaintiffs, firms that challenged the tariffs in court docket, could possibly be refunded immediately. However the the rest of the cash is held by the U.S. Treasury, and plenty of importers would doubtless demand their share.
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President Donald Trump delivers remarks on reciprocal tariffs as US Secretary of Commerce Howard Lutnick holds a chart throughout an occasion within the Rose Backyard entitled “Make America Rich Once more” on the White Home in Washington, DC, on April 2. (Brendan Smialowski/AFP by way of Getty Photos / Getty Photos)
“You’re going to have all these importers and importing pursuits wanting that cash again,” Greer stated.
“We’ll have to determine with the court docket what that schedule appears like, what rights the importers have, and what rights the federal government has over that cash.”
Requested how a lot cash could possibly be at stake, Greer stated he didn’t have an “precise quantity,” however estimated the full between $100 billion and $200 billion.
TRUMP FACES MULTIPLE LEGAL SETBACKS AS FEDERAL COURTS QUESTION BROAD PRESIDENTIAL POWERS
The facade of the U.S. Supreme Court docket in Washington, D.C., on Oct. 3, 2024. (Valerie Plesch/image alliance/Getty Photos / Getty Photos)
“The president has imposed tariffs below various completely different authorized authorities. He is collected almost $300 billion this 12 months,” he defined.
“A superb portion of that got here in below tariffs that weren’t the topic of yesterday’s case.”
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Greer famous that below regular scheduling, a ruling might come subsequent spring or as late as June 2026—however stated the timeline might speed up as a consequence of President Trump’s request for expedited assessment.
“No matter occurs, we’ll be prepared for subsequent steps,” he added.