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Supreme Court Invalidates Trump's Tariffs, Sparks Legal Battle

3/1/2026

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Story summary
  • The Supreme Court ruled that tariffs imposed by U.S. President Donald Trump were illegal, invalidating an estimated $130 billion to $175 billion in tariffs.
  • At least two retail customers filed class-action lawsuits against FedEx and EssilorLuxottica to obtain refunds for the tariffs.
  • Following the ruling, numerous companies, including Dyson and L’Oreal, filed claims for refunds, and the Trump administration dismissed these claims, signaling a lengthy legal battle.