Trump: Companies Must Litigate to Get Refunds of the $175 Billion Tariffs

President Donald Trump said on Friday that the companies that have paid the tariffs must litigate to get the refunds. The litigations could last two years. He added. So since Liberation Day, there's about a hundred seventy five billion dollars in tariff revenue that is now in limbo. Do you have to refund a hundred seventy five billion dollars? Very fair question. They take months and months to write an opinion and they don't even discuss that point. We've taken in hundreds of billions of dollars, not millions, hundreds of billions of dollars. And so I said, well, what happens to all the money that we took in? It wasn't discussed. Wouldn't you think they would have put one sentence in there saying that keep the money or don't keep the money, right? I guess it has to get litigated for the next two years. So they write this terrible defective decision, totally defective. It's almost like not written by smart people and what they do, they don't even talk about that. Your question is very basic. That was the first question I asked also to make you feel good. They said, what about all the money that we've taken in? Sir, they don't discuss that. How crazy is that? The president made the statement during a press conference hours after the U.S. Supreme Court blocked his sweeping tariffs under the International Emergency Economic Powers Act, IEEPA, in a landmark ruling. America's highest court said that the 1977 law doesn't authorize the president to impose tariffs. Trump doubled down on the tariffs during the press conference, saying he will sign an order to impose a 10% global tariff. Meanwhile, he added that all national security tariffs under sections 232, 201, and 301 will remain fully in place.