Gavin Newsom

Person

Last mentioned: 2d ago

Timeline

  1. Refund Demands

    Governors Newsom and Pritzker demand immediate refunds with interest for state residents.

  2. SCOTUS Ruling

    Supreme Court strikes down the tariffs in a 6-3 decision, citing executive overreach.

  3. Revenue Milestone

    Total tariff revenue collected surpasses $100 billion mark.

  4. Tariffs Imposed

    President Trump invokes emergency powers to implement broad global tariffs.

Stories mentioning Gavin Newsom 1

Trade Policy Bearish

SCOTUS Voids Trump Tariffs: Governors Demand $130B in Importer Refunds

Following a landmark 6-3 Supreme Court ruling striking down emergency-power tariffs, Democratic governors are demanding the federal government refund over $130 billion to households and businesses. The decision creates a massive fiscal and logistical challenge for the Treasury as it faces unprecedented claims for duties collected over the past year.

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