Trump's $30B Tariff Party Cancelled by Boring Courts
In what might be the most expensive legal party foul of 2025, a federal appellate court on Friday knocked out President Trumpâs massive global tariff bonanza that was generating a whopping $30 billion each monthâand expected to grow with fresh August 1 rates. Remember back in late May? The Court of International Trade said Trumpâs International Emergency Economic Powers Act dance moves werenât authorized. By late July, the appellate court held a hearing and said, 'Nope.' On August 8, Trump warned on Truth Social that losing this cash cow would bring '1929 all over again, a GREAT DEPRESSION!' Apparently, economy and hyperbole go hand-in-handâlike tariffs and court drama.
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When your $30B a month cash cow gets milked dry by courts and youâre telling the internet itâs about to get real 1929 in here. Tariffs cancel culture, economic depression edition.
Who knew running a $30 billion tariff racket could be vetoed by legal paperwork? Trump bringing the Great Depression vibes because courts read the fine print.
Tariffs generating $30 billion a month, courts shutting it down, and a warning of 1929-style doom? Sounds like the most expensive soap opera America didnât ask for.
Source: Axios | Published: 8/29/2025 | Author: Ben Berkowitz
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