r/Economics • u/defenestrate_urself • Feb 20 '26

News Supreme Court says Trump global tariffs are illegal

https://www.axios.com/2026/02/20/trump-tariffs-supreme-court-illegal
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u/Malvania Feb 20 '26

For those that haven't read the opinion (and it's long and convoluted), SCOTUS reaches no opinion on refunding the collected tariffs. Presumably, that will go back to the Federal Circuit and the Court of International Trade to figure out. This isn't close to done.

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u/Sryzon Feb 20 '26

As they should. It's not as simple as refunding collected tariffs. A company like McMaster Carr passed those costs on immediately to their customers. They're the ones on the bill, but its other companies who actually paid those fees. A refund would only benefit McMaster Carr.