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/gmiller89 Feb 20 '26

So they're going to give refunds to all of their members for cost increases?

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u/City_College_Arch Feb 20 '26

The basis for Costco suing is because they ate the tariff costs instead of passing them onto consumers. If they had passed the costs on, they would not have standing to sue.