‘We are in a dismal fiscal situation, and it just got worse’: Budget watchdog sounds the alarm even louder after Supreme Court erases Trump’s tariffs

The Supreme Court ruled a large swathe of the Trump administration’s tariffs unconstitutional on Friday. It might make the average American consumer happy, but the decision could amount to trillions of dollars worth of lost government revenue over the next decade, and eventually come back to haunt the country’s fiscal stability.

As evidence mounted that tariffs were taking a toll on American shoppers and companies, the Supreme Court justices ruled 6-3 that Trump had exceeded his authority...