Mr Trump has leveraged tariffs — taxes on imported goods — as a key economic and foreign policy tool. Mr Trump's tariffs were forecast to generate over the next decade trillions of dollars in revenue for the United States, which possesses the world's largest economy. Mr Trump's administration has not provided tariffs collection data since December 14. But Penn-Wharton Budget Model economists estimated on Friday that the amount collected in Trump's tariffs based on IEEPA stood at more than $175 billion. And that amount likely would need to be refunded with a Supreme Court ruling against the IEEPA-based tariffs.

Source: Irish Examiner February 20, 2026 15:34 UTC