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Supreme Court Strikes Down Trump's Tariffs, Refunds Uncertain

2/27/2026

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Trump's Tariffs Ruled Unlawful
  • The Supreme Court ruled that U.S. President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act were unlawful.
  • The ruling creates uncertainty about the refund process for roughly $175 billion collected from those tariffs.
  • The Trump administration is exploring legal strategies to retain some of the revenue.
  • FedEx and other businesses are filing lawsuits for refunds.
  • Many companies may not receive any reimbursement.
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