The US Supreme Court has agreed to expedite the hearing of the US government's tariff case

The US Supreme Court said on the 9th that it agreed to speed up the hearing of the Trump administration's tariff case and will hold oral arguments on the case in the first week of November. The US Court of Appeals for the Federal Circuit ruled on August 29 that the law invoked by US President Trump when he approved the imposition of tariffs on many countries did not give it the power to levy taxes. The Trump administration submitted documents to the US Supreme Court on the evening of the 3rd, demanding that the ruling be overturned as soon as possible. According to US media reports, as of August 24, US companies have paid more than 210 billion dollars in tariffs that were ruled illegal. If the Supreme Court upholds the original judgment, the US Treasury may have to refund the tariffs that have been imposed. US Treasury Secretary Vincent Bescent said that if the ruling is delayed until June 2026, the amount of tariffs already collected will reach $750 billion to $1 trillion, and returning them "could cause significant confusion". (Zhitong Finance)