Trump’s tariffs were designed to slash trade deficits, yet new government data reveals the gap with India hit a record high of $58.2 billion last year. This is compounded by a landmark Supreme Court defeat that effectively 'pulled the plug' on the legal basis for those duties. The White House now faces a double-edged crisis: a trade deficit that protectionism couldn't dent and a looming $200 billion refund bill for tariffs the Court has now deemed illegal.
