← Back to the Feed
Numbers of the Day May 12, 2026 · 5:07 pm ET Source: Bloomberg Politics

$35.5 Billion the Courts Clawed Back From Trump's Tariffs

$35.5B
in tariff refunds ordered after the Supreme Court struck down Trump's tariff authority

The Supreme Court found Trump's tariff regime unlawful, and now $35.5 billion is flowing back to importers — which means the administration spent months collecting revenue it had no legal authority to collect. The play here: watch who in Congress tries to legislate that authority back, and how fast. This is the constitutional guardrail doing its job; the strategic question is whether it holds the second time.

Source: Bloomberg Politics · link EconomySupremeCourtTrumpExecutive
Brief 6d ago

18 Cents Won't Save You From a $4.50 Tank

Source: NYT Politics ArticleIAppropriationsEconomy
Brief 5d ago

18 Cents Off, Half a Billion a Week, Zero Votes

Source: CBS News Politics EconomyAffordabilityAppropriations
Brief 2d ago

200 Jets: What China Got Trump to Concede

Source: Bloomberg Politics ForeignPolicyChinaEconomy