Trump admin live updates: Trump says tariff payments set to ‘skyrocket,’ as Supreme Court weighs duties

The White House on Monday is scheduled to recieve its official 2025 Christmas tree, an event that will include first lady Melania Trump welcoming the tree on the North Lawn at about noon ET, according to the Oval Office. President Donald Trump is also scheduled at 4 p.m. ET to sign an executive order.

Trump admin live updates: Trump says tariff payments set to 'skyrocket,' as Supreme  Court weighs duties - ABC News

Congress last week overwhelmingly approved a measure to force the Department of Justice to release all files related to late sex offender Jeffrey Epstein. Trump signed the legislation on Wednesday night, starting the clock on the 30 days the DOJ has to release the documents.

As Supreme Court weighs tariffs, Trump says levy payments set to ‘skyrocket’

President Donald Trump early on Monday said the “full benefit” of his tariff policies would take effect soon, bringing “unprecedented” wealth and national security.

Trump news at a glance: supreme court examines president's global tariffs | Trump  administration | The Guardian

He argued in a social media post that foreign buyers stockpiled inventory before his sweeping tariffs were put into place, allowing them to delay payments to the U.S., but, he said, that inventory will run out shortly and make way for record-setting revenue.

.Trump also said he looks “so much forward” to the Supreme Court decision on his tariffs, which were put into place under the International Emergency Economic Powers Act. That 1977 bill in part allows the president, upon declaring a national emergency, to regulate certain international economic transactions that threaten national security. The statute never mentions duties or taxes.

The Supreme Court on Nov. 5 heard arguments over whether Trump exceeded his authority in imposing the tariffs. It’s not clear when the court will issue an opinion, although a ruling is expected before the end of June 2026. The court accepted the Trump tariffs case on an expedited basis.

The government has already collected at least $89 billion from those tariffs, Customs and Border Protection data shows. That money might be refunded if the court rules against Trump.