US EditionSupreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says
The Supreme Court ruled Trump lacked authority for tariffs under IEEPA, leaving a complex refund process for importers involving up to $175 billion, with thousands of suits filed.
- The U.S. Supreme Court ruled 6-3 that President Trump's use of the International Emergency Economic Powers Act to impose tariffs was illegal, as the law does not authorize tariffs, striking down significant portions of his tariff policy.
- The ruling leaves unresolved the potential refund of an estimated $175 billion collected from importers under the IEEPA tariffs, with decisions on refunds left to lower courts and possible prolonged litigation.
- The government has not yet specified how it will handle these refunds, and importers are preparing for prolonged litigation to recover tariffs paid, while the administration may pursue alternative tariff authorities.
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585 Articles
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