Overturning the tariffs
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The Trump administration on Monday told a federal appellate court that overturning the president's tariffs could lead to a 1929-style depression that would endanger federal benefits like Social Security and Medicare.
Why it matters: The letter from Solicitor General D. John Sauer and assistant attorney general Brett Shumate claims the U.S. would be on the hook to repay trillions of dollars it hasn't actually been paid, from deals that haven't yet been fully signed.
https://www.axios.com/2025/08/11/social-security-medicare-trump-tariffs
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