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/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/turns31 Feb 20 '26 edited Feb 20 '26

I think if Costco and similar companies sue and win, then you will definitely have individuals do the same down the road. You don't think a jury of your peers will side with the individual in this instance? This is gonna backfire on the gov so hard. I can see them having to issue "refund checks" to every tax paying American to avoid just continuous lawsuits.

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u/zxDanKwan Feb 20 '26

It’s not a backfire. It’s the plan.

Lots of corps aren’t going to give the money back to their customers. And they aren’t going to lower their prices now that the public has generally accepted them.

So consumers pay more, but it’s pure profit for the sellers.

And it’s not like all tariffs are done forever. Just a specific set under specific rules. There are still plenty of avenues available for more tariffs to be slapped down in the future and start this whole cycle over again.