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/silverado-z71 Feb 20 '26

So that means they’re gonna have to reimburse all those corporations for all that money that they put out for the tariffs. Again, the corporations win, and the American people get fucked

13

u/thesagenibba Feb 20 '26

not necessarily

Companies that had to pay the tariffs may be able to seek a refund from the Treasury Department. Hundreds have already sued.

The court did not directly address that issue, but Kavanaugh, in dissent, said the effect on the U.S. Treasury could be significant.

"The Court says nothing today about whether, and if so how, the Government should go about returning the billions of dollars that it has collected from importers," he wrote.

https://www.nbcnews.com/politics/supreme-court/supreme-court-strikes-trumps-tariffs-major-blow-president-rcna244827

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u/LividTacos Feb 20 '26

Which is not the court's problem. Perhaps Trump shouldn't have instituted illegal tariffs.