Story perspectives

Supreme Court Curbs Admin Tariff Power; $85B Refunds Pending

5/28/2026

Summary

Story summary

The Supreme Court ruled 6-3 on February 20, 2026 that the administration exceeded authority under the International Emergency Economic Powers Act.
U.S. Customs and Border Protection reported $20.6 billion in tariff refunds completed and $85 billion pending.
UPS will issue approved refunds to importers such as Costco, Walmart and DHL within 60-90 days.
A 10 percent tariff under Section 122 of the 1974 Trade Act remains, and President Donald Trump has not raised it to 15 percent.

1 of 1

Story summary

The Supreme Court ruled 6-3 on February 20, 2026 that the administration exceeded authority under the International Emergency Economic Powers Act.
U.S. Customs and Border Protection reported $20.6 billion in tariff refunds completed and $85 billion pending.
UPS will issue approved refunds to importers such as Costco, Walmart and DHL within 60-90 days.
A 10 percent tariff under Section 122 of the 1974 Trade Act remains, and President Donald Trump has not raised it to 15 percent.