From Quartz.
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In a 6–3 decision, the Supreme Court invalidated a broad set of President Donald Trump’s tariffs as executive overreach, underscoring separation of powers. The Supreme Court declined to decide on tariff refunds, keeping importers uncertain about recovering payments under the International Emergency Economic Powers Act (IEEPA). Justice Brett Kavanaugh cautioned any refund process could become a bureaucratic “mess.” Estimates of Trump tariffs collected range from $142 billion through 2025 (Yale Budget Lab) to $175 billion including early 2026 (Penn Wharton Budget Model). More than 1,000 importers sued, including Costco, Goodyear, Reebok, and GoPro. Advocates for small businesses, including We Pay the Tariffs director Dan Anthony, urge full, fast, automatic refunds. #tariffs #supremecourt #tradepolicy #importers #economicimpact
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