President Donald Trump speaks during a breakfast with the National Governors Association in the State Dining Room of the White House, Friday, Feb. 20, 2026, in Washington. (AP Photo/Evan Vucci)
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CNBC TV1822-02-2026, 11:55

Trump Tariff Refunds Uncertain After Supreme Court Ruling, Billions at Stake

  • Billions in Trump-era tariff refunds remain uncertain after the Supreme Court struck down a key program portion.
  • The ruling did not specify refund procedures, leaving businesses and consumers without a clear roadmap for recovery.
  • Justice Brett Kavanaugh's dissent highlighted major uncertainties, predicting a "mess" for refund processes.
  • Hundreds of firms, including Costco, have filed lawsuits seeking reimbursement for tariffs totaling over $130 billion.
  • Economists note no established mechanism for refunds; consumers and businesses bore nearly 90% of the economic burden.

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