Court Orders U.S. to Refund $130 Billion in Tariffs

2026-03-05 - 13:03

Key Points — A federal trade court judge ordered US Customs to begin refunding all importers who paid tariffs struck down by the Supreme Court on February 20, with interest — The government collected over $130 billion in the now-illegal IEEPA duties, with total exposure potentially reaching $175 billion according to Penn Wharton — Treasury