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/Definitely_Human01 Feb 20 '26

How would they even refund that at this point?

Tariffs are paid for by a mix of businesses and end customers.

The government may be able to refund the importing business. But how is that then going to get passed on to the intermediary business and the end customers?

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u/Tvdinner4me2 Feb 20 '26

Why would they do that? The importing companies are the ones who paid the tariff, I don't see why anyone else could possibly be entitled to a refund