Ryan Knudson

A few hours after the court's ruling, Trump slammed the decision at a press conference.

Then, Trump laid out his new plan for how to keep the tariffs in place.

That's next.

The Supreme Court has ruled that these tariffs are illegal.

So what happens to all the tariff money that's already been collected?

So this is a big open question.

Gavin says that a more likely scenario, though it's still unclear, is that the government could set up some kind of online portal where companies can submit a claim for a refund.

By not addressing the question directly, the Supreme Court effectively punted the issue back to a lower court.

Is it possible that this lower court might just say, you know what, water under the bridge, we're not going to make anybody repay this stuff, but it's just illegal going forward?

And a lot of companies raise their prices as a result of these tariffs and pass those costs on to consumers.

So if they end up getting a refund for those tariffs, I suspect they're not going to pass that on to consumers.

So it could end up being a pretty nice payday for corporate America.

Right.

The Trump administration knew it was possible the Supreme Court could rule this way.

So it's been working on a backup plan.

Here's Trump during his press conference today.

Trump said the U.S.

would impose a new 10% across-the-board tariff, leaning on a different section of U.S.

trade law, Section 122.

more lasting legal authorities, like Section 301 of U.S.