President Donald Trump early on Monday said the “full benefit” of his tariff policies would take effect soon, bringing “unprecedented” wealth and national security.
He argued in a social media post that foreign buyers stockpiled inventory before his sweeping tariffs were put into place, allowing them to delay payments to the U.S., but, he said, that inventory will run out shortly and make way for record-setting revenue.
President Donald Trump talks to reporters as he departs from the South Lawn of the White House, Saturday, Nov. 22, 2025, in Washington, en route to Joint Base Andrews.
Jose Luis Magana/AP
Trump also said he looks “so much forward” to the Supreme Court decision on his tariffs, which were put into place under the International Emergency Economic Powers Act. That 1977 bill in part allows the president, upon declaring a national emergency, to regulate certain international economic transactions that threaten national security. The statute never mentions duties or taxes.
Construction scaffolding remains as construction continues at the U.S. Supreme Court Capitol Hill Monday, Nov. 17, 2025, in Washington.
Mariam Zuhaib/AP
The Supreme Court on Nov. 5 heard arguments over whether Trump exceeded his authority in imposing the tariffs. It’s not clear when the court will issue an opinion, although a ruling is expected before the end of June 2026. The court accepted the Trump tariffs case on an expedited basis.
The government has already collected at least $89 billion from those tariffs, Customs and Border Protection data shows. That money might be refunded if the court rules against Trump.
-ABC News’ Caleigh Bartash