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2026-02-21 06:56:48
[Trump Hints at No Refund for Illegally Imposed Tariffs] US President Donald Trump announced at a hastily convened White House press conference on February 20th that he would sign an executive order imposing a 10% tariff on global imports to replace the massive tariffs previously imposed under the International Emergency Economic Powers Act, which the US Supreme Court ruled illegal. When asked by reporters whether the approximately $175 billion in tariff revenue collected would be refunded, Trump stated that the Supreme Court's ruling was flawed, failing to address whether to "retain the money" or "not retain the money"—he guessed that "this will be a legal battle for the next two, or even five years." (CCTV International News)
