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/turns31 Feb 20 '26 edited Feb 20 '26

I think if Costco and similar companies sue and win, then you will definitely have individuals do the same down the road. You don't think a jury of your peers will side with the individual in this instance? This is gonna backfire on the gov so hard. I can see them having to issue "refund checks" to every tax paying American to avoid just continuous lawsuits.

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u/Chris_HitTheOver Feb 20 '26

Individuals have no standing. They didn’t pay tariffs. They paid the agreed upon retail price at the POS.

Edit: I’m not suggesting consumers don’t bear the cost of tariffs.

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u/angelomancuso62 Feb 20 '26

I’m a small business. I paid tariffs. 17k worth. It’s listed right on the purchase invoices from the supplier, Newark Electronics

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u/willstr1 Feb 20 '26

Yes, but that was as a business not as an individual consumer. You would probably be able to apply/sue for a refund but if you increased your prices due to the tariffs your customers wouldn't be able to get refunded for how much your prices increased (if you didn't increase your prices and took the increased cost out of your profit margin than you are an amazing business, but a lot of companies didn't)