Trump admin live updates: Trump says tariff payments will ‘skyrocket’ as Supreme Court weighs tariffs
President Donald Trump said early Monday that the “full benefit” of his tariff policies would take effect soon, bringing “unprecedented” wealth and national security.
In a social media post, he argued that foreign buyers stockpiled inventory before his sweeping tariffs were implemented, allowing them to delay payments to the United States, but, he said, that inventory will soon run out and give way to record revenues.
President Donald Trump speaks to reporters as he leaves the South Lawn of the White House, Saturday, Nov. 22, 2025, in Washington, en route to Joint Base Andrews.
Jose Luis Magana/AP
Trump also said he is “very much looking forward” to the Supreme Court’s decision on his tariffs, which were implemented under the International Emergency Economic Powers Act. That 1977 bill in part allows the president, by declaring a national emergency, to regulate certain international economic transactions that threaten national security. The statute never mentions duties or taxes.
Construction scaffolding remains as construction continues at the U.S. Supreme Court Capitol on Monday, Nov. 17, 2025, in Washington.
Mariam Zuhaib/AP
On Nov. 5, the Supreme Court heard arguments on whether Trump exceeded his authority by imposing the tariffs. It is unclear when the court will issue an opinion, although a ruling is expected before the end of June 2026. The court took up Trump’s tariff case on an expedited basis.
The government has already collected at least $89 billion from those tariffs, Customs and Border Protection data shows. That money could be refunded if the court rules against Trump.
-Caleigh Bartash of ABC News
