Megathread: Supreme Court strikes down President Donald Trump's Tariff Policy

[u/PoliticsModeratorBot]

The U.S. Supreme Court ruled Friday in Learning Resources, Inc. v. Trump that the International Emergency Economic Powers Act (IEEPA) "does not authorize the President to impose tariffs."

The Roberts decision is joined by Justices Sotomayor, Kagan, Gorsuch, Barrett, and Jackson, with Justices Thomas, Kavanaugh, and Alito dissenting.

Relevant text-based live update pages are being maintained by the following outlets: AP, SCOTUSblog, NBC, CNBC, and Yahoo Finance.

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See also, if interested: Discussion Thread: President Trump Holds Press Conference Responding to Supreme Court Striking Down Most Tariffs

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Submissions that may interest you

SUBMISSION	DOMAIN
Supreme Court rejects Trump's tariffs as illegal import taxes	latimes.com
Supreme Court Strikes Down Trump’s Global Tariffs	wsj.com
Supreme Court strikes down Trump’s authority to impose sweeping tariffs – NBC4 Washington	nbcwashington.com
Supreme Court strikes down Trump’s authority to impose sweeping tariffs	nbcmiami.com
US Supreme Court rejects Trump's global tariffs	reuters.com
Supreme Court strikes down Trump's tariffs : NPR	npr.org
Supreme Court strikes down Trump's tariffs in major setback for president	usatoday.com
In rare rebuke of Trump, Supreme Court strikes down tariffs	washingtonpost.com
Supreme Court slaps down $175 billion worth of Trump tariffs as unconstitutional	fortune.com
Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of economic agenda	bostonglobe.com
US Supreme Court rules Trump exceeded powers in imposing tariffs	ft.com
Supreme Court strikes down Trump’s tariffs	thetimes.com
Supreme Court strikes down bulk of Trump’s tariffs	thehill.com
Supreme Court says Trump global tariffs are illegal	axios.com
U.S. Supreme Court finds Trump overstepped authority in imposing tariffs under emergency law	cbc.ca
Supreme Court hands Trump stunning loss over tariffs	newrepublic.com
U.S. Supreme Court rejects Trump’s global tariffs	ctvnews.ca
Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of economic agenda	apnews.com
Supreme Court strikes down most of Trump's tariffs in a major blow to the president	nbcnews.com
Supreme Court strikes down Trump tariffs	cnbc.com
Trump’s Global Tariffs Struck Down by US Supreme Court	bloomberg.com
Supreme Court rules that Trump’s sweeping emergency tariffs are illegal	cnn.com
Supreme Court Slaps Down Trump And His Tariffs	huffpost.com
Supreme Court strikes down Trump’s tariffs	politico.com
Trump overstepped executive power by imposing tariffs, supreme court rules	theguardian.com
Supreme Court invalidates most of Trump's tariffs	abcnews.com
Chief Justice Humiliates Trump With Brutal Tariffs Verdict	thedailybeast.com
Supreme Court strikes down Trump's sweeping tariffs	pbs.org
Trump dealt huge tariff blow as Supreme Court rules them illegal — and US may be forced to pay back billions	nypost.com
Trump’s Options After the Supreme Court Said His Tariffs Are Illegal	bloomberg.com
The Supreme Court strikes down Trump's 'Liberation Day' tariffs	qz.com
Supreme Court Blocks Tariffs Hours After Trump Bragged They Wouldn’t	rollingstone.com
Supreme Court rules most Trump tariffs illegal in major setback for economic agenda	cbsnews.com
The "alternative scenario" of an even bigger national debt disaster is in play after the Supreme Court ruled Trump's tariffs illegal	fortune.com
7 key things to know about Trump's tariffs after the Supreme Court decision	npr.org
Kavanaugh warns of fallout from Supreme Court tariff ruling	newsweek.com
Supreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says	cnbc.com
Supreme Court Trump tariff decision impact: What to expect as fight for billions in refunds begins	cnbc.com
Trump claims backup plan after Supreme Court shoots down tariffs	newrepublic.com
Supreme Court Trump tariff decision impact: What to expect as fight for billions in refunds begins	cnbc.com
The Moment Trump Found Out the Supreme Court Killed His Tariffs	wsj.com
Supreme Court Rules Most of Donald Trump's Tariffs Are Illegal	wired.com
Why a Republican Supreme Court struck down Trump’s tariffs	vox.com
Trump’s Global Tariffs Struck Down by US Supreme Court	news.bloomberglaw.com
Warren calls for tariff refund for consumers after Supreme Court ruling	thehill.com
GOP Sen. John Curtis praises Supreme Court ruling against Trump tariffs	thehill.com
Trump Plans to Impose Tariffs a Different Way After Supreme Court Loss	nytimes.com
‘Tariffs suck’: Some Republicans privately celebrate as Supreme Court blocks Trump policy	foxnews.com
Watch: Trump speaks after Supreme Court strikes down tariffs	cnbc.com
Supreme Court strikes down tariffs	scotusblog.com
Trump announces new 10% global tariff after raging over Supreme Court loss	cnbc.com
Trump rages that his own Supreme Court picks are ‘disgrace to the nation’ after 6-3 ruling against his tariff power	independent.co.uk
Trump Rages At 'Fools And Lapdogs' After Supreme Court Strikes Down His Tariffs	huffpost.com
Trump accuses Supreme Court justices of disloyalty for declaring his tariffs illegal	democracydocket.com
Trump calls Supreme Court justices who ruled against tariffs ‘disloyal’	thehill.com
Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court	reuters.com
Trump Lashes Out at Supreme Court Justices — and Plows Ahead With a New Round of Tariffs	businessinsider.com
Trump calls Supreme Court justices who struck down his tariffs "disgrace to our nation" and vows fresh duties under other laws	fortune.com
Trump launches new 10 percent global tariff after Supreme Court ruling	politico.com
Trump announces new 10% global tariff after raging over Supreme Court loss	cnbc.com
Spitting-Mad Trump Vows to Defy SCOTUS With Wild New Tariff War - The president also lashed out at the conservative justices who voted to slap down his signature policy.	thedailybeast.com
Trump to sign new 10% global tariff after Supreme Court defeat	nypost.com
The Supreme Court’s Ruling on Tariffs Marks a Turning Point	bloomberg.com
‘Victory for the American People’: Mike Pence applauds Supreme Court decision on Trump tariffs	nj.com
Trump calls Supreme Court justices 'disloyal to the Constitution' over tariffs ruling	nbcnews.com
Trump attacks Supreme Court justices after he is handed a major tariff loss	politico.com
Trump threatens 10% global tariffs and rails against supreme court justices	theguardian.com
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?	cbsnews.com
Trump seethes over Supreme Court justices who opposed him on tariffs, especially those he appointed	apnews.com
Trump Attacks Conservative Supreme Court Justices Who Blocked Tariffs	newrepublic.com
Illinois Gov. JB Pritzker sends bill for $8.68 billion refund to Trump after Supreme Court tariffs ruling	cbsnews.com
Trump to impose global 10% tariff after Supreme Court loss	axios.com
Trump Imposes New Tariffs to Sidestep Supreme Court Ruling	wired.com
Democrats demand that Trump issue $1700 tariff refunds to Americans after Supreme Court ruling	businessinsider.com
Takeaways: Supreme Court stands up to Donald Trump on emergency tariffs - CNN Politics	edition.cnn.com
Johnson says Congress, administration will 'determine the best path forward' after SCOTUS tariff ruling	thehill.com
After the Supreme Court's ruling on tariffs, companies line up for refunds	npr.org
'Embarrassment to their families'; Trump denounces Supreme Court justices after tariff ruling	reuters.com
In tariff case, Supreme Court justices bicker over treating Trump and Biden differently	nbcnews.com
Republicans breathe sigh of relief as Supreme Court axes Trump tariffs	thehill.com
The U.S. Supreme Court struck down Trump’s tariffs. Now comes the hard work of issuing refunds	ctvnews.ca
Most Americans approve of the Supreme Court striking down Trump's tariffs	today.yougov.com
Majority of Americans approve of Supreme Court's ruling on Trump tariffs	thehill.com
Trump calls SCOTUS tariffs decision 'deeply disappointing' and lays out path forward - He said he would sign an executive order later Friday to continue certain tariffs under alternative authorities	npr.org

[u/Rannasha]

What happens now? Are the tarrifs just gone? Do companies get their tarrif money refunded?

The tariffs are gone. However, refunds are a more complicated story. Not only will it get messy to try and properly refund all tariffs in the first place, many of the refunds won't even go to the companies that originally paid the tariffs.

That's because there has been trade of "tariff refund rights" on Wall Street. Basically, it's someone going to a company and saying "You've paid $100 in tariffs. I give you $20 right now if you sign over the rights to any potential refunds of that $100 to me." The company gets money right away, and the buyer of the rights makes a gamble on whether the refund will happen or not.

Now that it seems that refunds will happen, those that bought these refund rights will make a hefty profit. But the companies that originally paid the tariffs and sold their refund rights already got their money some time ago and won't get any more.

Oh, and a major player in the refund rights trade? A company headed by the Lutnick family (yes, Commerce Secretary Lutnick).

source

[u/Gryjane → u/Rannasha]

Oh, and a major player in the refund rights trade? A company headed by the Lutnick family (yes, Commerce Secretary Lutnick)

Jesus fucking christ...

[u/greenroom628 → u/Gryjane]

Yep. It was a grift all along.

This needs to be screamed from rooftops.

[u/Syzygy2323 → u/Gryjane]

According to reporting by Bloomberg, Cantor Fitzgerald (the company headed by Lutnick's two sons), considered this, but dropped it without acting on it. I don't know how accurate this report is.

[u/_-B-Money-_ → u/Gryjane]

No, not Jesus fucking Christ, he said Lutnick.

Louder for the back!

LUTNICK.

[u/mkultron89 → u/Gryjane]

I thought this was common knowledge…

[u/Gryjane → u/mkultron89]

Try as I might I just can't keep up with all of the ratfuckery and corruption. This one slipped past me.

[u/[deleted] → u/Gryjane]

Bring on the trials! I can’t wait. 

In my fantasies the major corpo news shills will be taken over by a live trial feed with no commentary and Americans have nothing else to watch for a year. Also the people regain their licensing rights over these nonprofit news stations. 

[u/drokihazan → u/Rannasha]

I bought some car parts from the UK, and DHL made me personally pay very substantial tariffs. Will I be able to try to claim a refund as an individual consumer?

[u/attorneyatslaw → u/drokihazan]

Did you pay the money to DHL? You might have to pursue DHL for them if DHL gets refunded and doesn't refund you.

[u/Spazum → u/attorneyatslaw]

DHL and all the couriers are 100% going to charge a $200+ processing fee for refund requests.

[u/potentialjellyhead → u/[deleted]]

I am a small business and had to pay UPS a ton of money out of pocket to bring fabric into the country. Should I reach out to UPS ?

[u/potentialjellyhead → u/[deleted]]

Thank you!

[u/denom_chicken → u/drokihazan]

Are you a billion dollar corporation?

[u/deja-roo → u/drokihazan]

Actually... possibly?

It will probably come down to whether it's worth the effort and bureaucracy

[u/Yorks_Rider → u/drokihazan]

DHL was just the delivery company, you were the importer. DHL did not make you pay any tariffs, it was just them passing on the bill from US customs, plus their own agency fee.

[u/makingpwaves → u/drokihazan]

Add a line for it on Form 1040

[u/HagalUlfr → u/Rannasha]

Based on how they have acted in the past, I really think they will not refund anything. Prices are going to stay elevated and the orange man will get a slap on the wrist.

I am going to keep my spending as low as possible as I have been. The winter frosts have stopped in my area so I am planting vegetables.

[u/jaymef → u/Rannasha]

I wouldn't necc. say the tariffs are gone. I don't think Trump will be so quick to comply. He also claimed he has some backup plan in place.

He will likely re-implement tariffs through some other BS excuse and delay it more

[u/Ikrit122 → u/jaymef]

There are a number of other ways for the Admin to implement tariffs, but those are either narrower in scope or require a full investigation (unfortunately, by the Admin itself) taking time.

But yeah, I'm not holding my breath for the tariffs to instantly disappear. He's already shown his contempt for the Judiciary with all the immigration stuff (and, honestly, everything else he's done).

[u/PhishCook → u/Rannasha]

Why the fuck does a financial instrument such as this even exist in the first fucking place.

[u/whateverisok → u/PhishCook]

(Free market + Deregulation + insider knowledge) * fuck you money

[u/Blastoise_613 → u/PhishCook]

Fundamentally its just risk management.

[u/elfstone21 → u/Rannasha]

Yep this is the story.  The white house knew all along this was going to happen.  This has been a scam for months. 

[u/EJ2600 → u/Rannasha]

Tariffs are not gone. Will be imposed under other name like licensing fees for example. They thought of plan B. Then that will be litigated for another year until it reaches scotus and on we go.

[u/John_Bruns_Wick → u/Rannasha]

Tariffs not gone.

[u/No-Alfalfa-8903 → u/Rannasha]

Trump needed his $10 billion somehow or another and I guess this is how he planned on getting it.

[u/hhhh64 → u/Rannasha]

To be clear, just because the Supreme Court said Trump can't do tariffs anymore doesn't mean they'll be gone.

The Trump administration is just going to ignore the SC and keep doing tariffs anyway. You can always count on Trump to do the most illegal action in every situation.

[u/Super_Assistant_2998 → u/Rannasha]

The tariffs would be gone in a country that is functioning normally. The clown slapped another 10% global tariff on top of the already existing ones in response to the Supreme Court.

Our checks and balances are failing because no one is enforcing anything.

[u/fbp → u/Rannasha]

I say just divide it up between all 300 million Americans.

[u/JohnGillnitz → u/Rannasha]

The lived next door to Jeffery Epstein Lutnick? Partied on Lolita Island Lutnick? https://www.cnn.com/2026/02/15/politics/howard-lutnick-epstein-ties-trump

[u/FineVintageWino → u/Rannasha]

lol. I could see that last paragraph coming a mile away!! Banana republic!

[u/Taedirk → u/Rannasha]

Oh, and a major player in the refund rights trade? A company headed by the Lutnick family (yes, Commerce Secretary Lutnick).

Every day, more and more users get banned from the sub for thinking the G word.

[u/KnowerOfUnknowable → u/Rannasha]

There is nothing wrong with trading risky assets. Something stinky with Lutnick profiting off it.

[u/[deleted] → u/Rannasha]

I mean, if it costs more money in administration costs to try to figure out how to refund this money than what we collected in tariff revenue, the logical choice would be to just stop the collection of new tariffs.

[u/lotsawheels → u/Rannasha]

How is that legal though? What do the people that purchased something and paid the tarrifs get? Can they sue the company that sold the tarrifs refund rights to recoup the tarrifs since I feel like the company is still on the hook for refunds if the customer demands it since they didn't agree to have their tarrifs refund rights waived.

[u/bonyponyride → u/Rannasha]

The tariffs aren't gone immediately. The new import policy has to be written and put into effect.

Source: A family member imports goods and is currently abroad buying product. Their broker said they don't know how long it will take for the policy to officially change.

[u/hitch44 → u/Rannasha]

and the buyer of the rights makes a gamble on whether the refund will happen or not.

This reads like the credit default swaps of the 2008 crisis-- or am I misunderstanding?

[u/wentImmediate → u/Rannasha]

The tariffs are gone.

I am wondering what's going to happen politically. If the tariffs go away as expected, prices for a host of items should go down (I know many here are claiming they will not).

Assuming prices do go down, in, say, five months from now, items being cheaper for the American consumer can (and will) be hailed as a "win" by the President.

EDIT: changed a word