A protester holds a sign as the U.S. Supreme Court hears arguments on President Trump's tariffs on Wednesday, Nov. 5, 2025. (Bill Clark/CQ-Roll Call/Getty Images)
With affordability a central concern for voters heading into the midterm elections, any policy that raises consumer prices is likely to face heightened political scrutiny.
The Supreme Court case arose from lawsuits filed by an educational toy maker and a family-owned wine and spirits importer challenging Trump’s sweeping "Liberation Day" tariffs unveiled in April. The broad package of import duties was designed, the administration said, to address trade imbalances and reduce reliance on foreign goods.
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President Donald Trump speaks during a "Make America Wealthy Again" trade announcement event in the Rose Garden at the White House on April 2, 2025, in Washington, D.C. (Chip Somodevilla/Getty Images)
Revenue surged in the months that followed, climbing from $9.6 billion in March to $23.9 billion in May. For fiscal year 2025, which ended Sept. 30, 2025, total duty collections reached $215.2 billion, according to Treasury data. The upward trend has continued into fiscal 2026, with receipts already running ahead of last year’s pace.
The Supreme Court ruling injects fresh uncertainty into the future of the tariffs and how the Trump administration will respond. The White House did not immediately respond to Fox News Digital's request for comment.
Amanda covers the intersection of business and politics for Fox News Digital.
https://www.foxnews.com/politics/trumps-tariff-revenues-hit-record-highs-supreme-court-deals-major-blow