“The actual figures we would have to pay if, for any reason, the Supreme Court ruled against the United States on tariffs would run into hundreds of billions of dollars,” the president said.

Based on calculations for Reuters and cited by The Country, Economists at the Penn-Wharton Budget Model estimate that the US administration could face rebates of up to $175 billion.

With today’s decision, an immediate mechanism for reimbursements is not established, although the administration had indicated that it could face them if necessary, even if the process was complex.