May 30, 2025 at 7:30 AM EDT
Takeaways NEW
The court ruling that blocked much of President Donald Trump’s sweeping tariffs threatens to blow what some economists estimate as a $2 trillion hole into the US fiscal outlook over the coming decade, should the judgment stay in place.
The ruling could also present a new obstacle for Republicans who are relying on the revenue to help offset the cost of a roughly $4 trillion tax cut moving through Congress.
