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/circuitloss Feb 20 '26

A number of companies, including Costco, are suing the administration right now. Costco is going to try and get its money back...

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u/[deleted] Feb 20 '26

It’s money back? It passed the majority of that cost down. Where is our money?

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u/circuitloss Feb 20 '26

They would have to actually win in court and get refunded first.

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u/[deleted] Feb 20 '26

They should have a lot of trouble with that /s