US EditionSupreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says
The Supreme Court ruled Trump exceeded authority under a 1977 law, raising questions about $175 billion in tariff refunds and prompting complex litigation and administrative planning.
- Economists at the Penn Wharton Budget Model estimate that more than $175 billion in U.S. tariff revenue could potentially be refunded after the U.S. Supreme Court ruled against President Donald Trump’s emergency tariffs.
- Although the Court’s decision does not directly order refunds, it allows importers to file refund claims within 180 days after their goods are officially finalized by U.S. Customs and Border Protection.
- The tariffs were imposed under the International Emergency Economic Powers Act , marking the first time in the law’s nearly 50-year history that a president attempted to use it to set tariffs. U.S. Customs and Border Protection had collected about $133.5 billion under this authority as of December 2025.
- The justices did not provide guidance on how refunds should be handled, though Justice Brett Kavanaugh noted in dissent that returning billions of dollars could significantly impact the U.S. Treasury. Numerous companies that challenged the tariffs are now expected to continue pursuing refund claims in lower courts.
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But legally, it is not expected to be that easy to do so.
Trump hit with demand to pay $1,700 to every family in blue state after tariff loss
Illinois Gov. JB Pritzker (D) demanded that President Donald Trump refund the households in his state after the U.S. Supreme Court found that the administration did not have the legal authority to collect $175 billion in tariffs."Your tariff taxes wreaked havoc on farmers, enraged our allies, and se...
Supreme Court Tariff Ruling Will Put US ‘$2 Trillion Deeper in the Hole’
Friday’s Supreme Court decision ending President Donald Trump’s reciprocal tariffs will exacerbate the nation’s financial crisis, analysis of the decision shows. “With today’s Supreme Court ruling affirming the illegality of President Trump’s emergency tariffs, the country will now be about $2 trillion deeper in the hole,” Committee for a Responsible Federal Budget (CRFB) President Maya MacGuineas said, announcing the organization’s findings. “W…
US tariff revenue at risk in Supreme Court ruling tops US$175 billion, Penn-Wharton estimates
More than US$175 billion in US tariff collections are at risk of having to be refunded if the US Supreme Court rules against President Donald Trump's broad emergency tariffs, Penn-Wharton Budget Model economists said on Friday.
The Daily Advance
What happens next after the Supreme Court slapped down Trump's tariffs
There’s little that Donald Trump has cherished more in his second term than tariffs, a symbol of his imperious approach to the presidency. He has raised and lowered them at will, rewriting the rules of global commerce and daring anyone…
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