US EditionWhat to Know About Potential Tariff Refunds After Last Week's Supreme Court Ruling
The ruling invalidates tariffs imposed under IEEPA, affirming Congress's exclusive power to tax and prompting legal and trade shifts affecting billions of dollars, the court said.
- On Thursday, the U.S. Supreme Court struck down President Donald Trump's reciprocal tariffs, finding International Emergency Economic Powers Act measures exceeded Congress's Article I, Section 8 authority, with Chief Justice John Roberts joining Neil Gorsuch, Amy Coney Barrett, and three liberals in the majority.
- Article III of the U.S. Constitution provides federal judges life tenure and salary protections, while the 1937 court‑packing plan with Franklin D. Roosevelt faced bipartisan resistance.
- The ruling opens the door for companies and importers to seek billions of dollars in potential tariff refunds, and Trump called it 'anti‑American and outrageous' while invoking Section 122 of the Trade Act to impose a 10% global tariff.
- Legal scholars say the ruling reaffirms separation of powers by underscoring that strong executive action remains subject to constitutional limits.
- Earlier rulings such as the 1935 Louisville Joint Stock Land Bank v. Radford invalidated emergency measures, while the failed 1937 court‑packing plan reinforced norms protecting a nine‑member Supreme Court.
76 Articles
76 Articles
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What to know about potential tariff refunds after last week's Supreme Court ruling
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs on nearly every country under a federal emergency powers law. Brooke DiPalma, senior reporter for Yahoo Finance, joined CBS News to discuss whether businesses or people will have any chance at refunds based on the court's decision.
Supreme Court Tariff Ruling Brings Pushback from Trump
Photo: Andrew Mullin ~ 760 WJR Feb. 23, 2026 ~ Dewey Steffen, CEO of Great Lakes Wealth, joins Kevin Dietz to unpack the financial fallout from the Supreme Court’s new ruling on tariffs. What does it mean for prices? Markets? Consumers? Dewey breaks it down in plain English so listeners know what to expect.DETROIT, MICH. ~ United States President Donald Trump was not happy with the Supreme’s Court 6-3 decision that found his tariffs unc…
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