Court ruling threatens Trump's $2 trillion fiscal plan
A court ruling blocking President Trump's tariffs threatens a $2 trillion fiscal shortfall over the next decade, potentially undermining his tax cut plan. This could significantly impact the U.S. fiscal outlook. The ruling removes duties that would have generated nearly $200 billion annually, according to estimates. Republicans were relying on this revenue to offset the costs of a proposed $4 trillion tax cut currently moving through Congress. The White House is appealing the decision, but if upheld, the government may face challenges in raising revenue and meeting financial obligations, potentially forcing Republicans to reconsider their tax plan.