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Supreme Court Trump tariff decision impact: What to expect as fight for billions in refunds begins

U.S. importers will be facing many hurdles trying to recover billions in tariff costs now that the Supreme Court has ruled President Donald Trump‘s IEEPA tariffs are illegal.

Companies large and small may be eligible for refund payments that in total could reach hundreds of billions of dollars, but trade attorneys have warned that tariff refunds could be denied or delayed, depending on how U.S. courts rule and how U.S. Customs goes about issuing any eligible payments.

KEY POINTS

• The Supreme Court ruling that many of President Trump’s tariffs are illegal will lead to a process where billions of dollars in refunds, as much as $175 billion according to estimates, will be sought by companies, but the ruling did not clearly grant refund payments.
• Importers also laid out billions for bonds and collateral required by U.S. Customs and Border Protection to guarantee payment of trade duties.
• The ruling provided no specific guidance on refunds, and in his dissent, Justice Brett Kavanaugh made a point of noting this, and he referred to comments during the oral arguments that the refund process may be a “mess.”

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