The Supreme Court said Tuesday it will quickly decide whether most of President Donald Trump’s sweeping tariffs — a key part of his economic agenda — are legal.
The revelation follows the Trump administration’s request for the nation’s highest court to take up its appeal of a lower ruling. The Supreme Court placed the case on a fast track and scheduled oral arguments for the first week of its November session.
A federal appeals court ruled on Aug. 29, that Trump overstepped his authority by using emergency powers to impose new tariffs on imported goods. The court said that power lies squarely with Congress or within existing trade policy frameworks. The court allowed the tariffs to remain in effect until mid-October.
The August decision does not extend to the tariffs imposed on steel and aluminum imports.
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The setback chips away at Trump’s trade policy, long a centerpiece of his economic agenda, which leans heavily on tariffs to raise revenue and exert pressure on foreign trading partners.
Trump has long touted tariffs as a key source of government revenue, and within months of his sweeping trade policies taking effect, billions of dollars had already flowed into federal coffers.
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So far in September, the U.S. has brought in $1.7 billion, according to the latest Treasury statement released on Sept. 8. Total tariff revenue for 2025 has reached more than $185 billion, according to the latest “Customs and Certain Excise Taxes” figures complied by the Treasury Department.
Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $28 billion in June and reaching $29 billion in July. In August, the U.S. collected $31.4 billion in tariff revenues, the largest monthly haul so far in 2025.
At the current pace, the U.S. could collect as much tariff revenue in just a few months as it did during the entire previous year.
Trump has previously said that the revenue from duties could offset the cost of his “One Big Beautiful Bill” and add hundreds of billions to the U.S. economy.
Treasury Secretary Scott Bessent has previously said that part of the tariff revenue could be applied toward lowering the national debt. The nation’s debt is nearing $37.5 trillion as of Sept. 8, according to the Treasury Department.
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The staggering figure has intensified the long-standing debate in Washington over government spending, taxation and efforts to rein in the ballooning deficit.
The White House did not immediately respond to FOX Business’ request for comment.
This is a developing story. Please check back for updates.
