US President Donald Trump signs an executive order on tariffs in the Rose Garden at the White House in Washington, DC, US. (Photo: Reuters)
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Firstpost24-02-2026, 11:34

Trump Tariffs Cancelled, But Refunds Could Take Years

  • Supreme Court ruled Trump's tariffs illegal, but importers face long wait for refunds.
  • Up to $175 billion in 'illegal tariffs' collected by the administration.
  • US Court of International Trade (CIT) will decide refund claims, potentially taking years.
  • Fears of retribution against companies seeking refunds due to Trump's past actions.
  • Trump allies may be counting on protracted litigation to shift refund burden to successor.

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