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Trump Administration Says Tariff Refunds 'Will Take Time' After Supreme Court Scraps $133 Billion Levies, But President Floats 'Rehearing'

Trump questions Supreme Court's decision invalidating emergency tariff authority and seeks possible rehearing as $175 billion in tariffs face refund claims, administration pursues alternative duties.

  • Friday, Feb. 27, 2026, President Donald Trump asked on Truth Social whether a rehearing is possible after the Supreme Court struck down his tariffs last week.
  • The Supreme Court found the Trump administration's use of emergency powers law invalid, so it will rely on alternative legal statutes and quickly replace the tariffs.
  • Reports show at least 1,800 enterprises have filed suits seeking refunds, and the administration began imposing a temporary 10 percent global tariff under Section 122 of the 1974 Trade Act.
  • Critics warn higher import taxes could raise costs for U.S. businesses and consumers and risk retaliation from trading partners, while President Donald Trump argued tariff revenue could replace federal income taxes.
  • With the March 3rd primary days away, U.S. Trade Representative Jamieson Greer unveiled Section 301 investigations covering most major trading partners, highlighting rising trade tensions.
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Moneycontrol broke the news in India on Friday, February 27, 2026.
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