Will You Get a Tariff Refund After the Supreme Court Ruling?

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Will You Get a Tariff Refund After the Supreme Court Ruling? By: Pete Grieve Pete Grieve Lead News Reporter | Joined September 2022 Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. Has also written: The Supreme Court Struck Down Trump's Tariffs.

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Execs Are Betting More Merch Will Make Up for Stingier Rewards Costco Slapped With Lawsuit Over Beloved Item See full bio Editor: Julia Glum Julia Glum Managing Editor | Joined February 2018 Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. Has also written: How to File Your Taxes for Free With TurboTax This Year How to File Taxes for Free This Year From New Deductions to Bigger Refunds, Here Are 8 Major Tax Changes in 2026 When Social Security Recipients Will Get Their Checks in February Time Is Running Out to Make These End-of-Year Money Moves See full bio Published: Feb 20, 2026 12:35 p.m. EST 7 min read Money; Getty Images Importers hope to recoup billions of dollars now that the Supreme Court has rejected President Donald Trump's sweeping tariffs. Whether this will lead to lower prices or refunds for U.S. shoppers, however, is up in the air. There's certainly demand for it. Following the ruling, Sen. Elizabeth Warren, D-Mass., wrote on X, "The American people paid for these tariffs and the American people should get their money back." But that's not going to be easy. Speculation had been intense about whether the high court would uphold the president's use of a 1977 law called the International Emergency Economic Powers Act, or IEEPA, to impose sweeping tariffs on global trading partners. On Friday, the court issued a 6-3 decision determining that IEEPA does not give Trump broad power to impose tariffs, invalidating them. For American businesses, a question of nearly equal urgency was whether or not the court would order the Trump administration to refund more than $175 billion in tariff revenue. Retailers like Costco and Crocs filed lawsuits against the administration in the hope of securing refunds should the Supreme Court overturn the tariffs, and they've got plenty of company: Over 700 companies have initiated tariff refund lawsuits at the Court of International Trade, according to Ashley Akers, an attorney at Holland & Knight. So what happens now? Here's what we know. Will companies get tariff refunds after the SCOTUS ruling? The court's ruling is likely to keep those lawyers busy for quite some time. In a dissenting opinion, Justice Brett Kavanaugh noted that "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." The National Retail Federation, a trade group, cheered the ruling and urged the government to provide a smooth process for refunding importers. Refunds “will serve as an economic boost and allow companies to reinvest in their operations, their employees and their customers,” David French, the group’s executive vice president of government relations, said in a statement. But those hoping for a clear path forward are likely to be disappointed. Even the court itself acknowledged that sorting out refunds would be a headache. During oral arguments in November, Justice Amy Coney Barrett bluntly asked the lawyer representing the groups opposing tariffs: "If you win, tell me how the reimbursement process would work. Would it be a complete mess?" Some companies that have sued the administration are concerned about tariff payments that are becoming "liquidated," or finalized, by Customs and Border Protection. Remedies for importers are typically more limited after that liquidation date, which usually occurs 314 days after payment. Trump announced his first IEEPA tariffs on Feb. 1, 2025 — 384 days ago. In December, the Court of International Trade tried to calm concerns, confirming that tariff entries could be reliquidated, or returned, if tariffs were deemed unlawful by the Supreme Court. Customs and Border Protection also announced last month that it was modernizing its refund process to be electronic — another sign that the federal government had begun preparing for the possibility of an unprecedented refund situation. In one scenario, Customs and Border Protection could create a "streamlined" online refund process, Akers says. Alternatively, businesses seeking refunds could be instructed to submit "post summary corrections" or "protests," which are existing administrative processes for correcting tariff payments, Akers explains. These are all just hypotheticals, though. Siddartha Rao, an attorney at Hoguet Newman Regal & Kenney, tells Money one path is for the Supreme Court to "remand it back to the Federal Circuit, which would kick it back down to the Court of International Trade, and it would be up to the trial judges to figure out a process for importers to get their refunds." Secretary of the Treasury Scott Bessent has said the government has $774 billion on hand, telling Reuters that it "won't be a problem if we have to do" refunds. He also shared his skepticism that companies suing the administration would return money to their clients. What's more, Bessent has also referenced the administration's backup plan to issue new tariffs on different grounds in response to the Supreme Court striking down Trump's IEEPA tariffs, meaning this saga isn't ending anytime soon. Ads by Money. We may be compensated if you click this ad.AdWhen you're in need of emergency funds, a Personal Loan can provide financial aid and peace of mind.With the help of a loan, you can settle bills, consolidate debt, and even cover any unforeseen expenses. To see if you qualify, click on your state today.HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexasGet Started Will Americans get money back from tariffs? In any outcome involving refunds, the money would go back to importers who paid duties. Given the complexity of supply chains and the prevalence of imported materials and components in many of the goods Americans buy, experts say it's unlikely that any refunded tariff money would trickle down to consumers. That's because while American shoppers have paid somewhat higher prices due to tariffs, the potential claim to a refund would lie only with the importer of record that actually paid the tariff. And no matter what happens, consumers will likely not receive checks from the federal government. Akers notes that if tariff refunds go through, there's "a chance that a company will do the customer a solid and pass along a refund." But don't count on it. Even Sen. Warren has acknowledged that this outcome is unlikely. "There is no legal mechanism for consumers and many small businesses to recoup the money they have already paid,” she said in a statement Friday. “Instead, giant corporations with their armies of lawyers and lobbyists can sue for tariff refunds, then just pocket the money for themselves.” The good news is that the Supreme Court's ruling striking down tariffs could lead to price relief for consumers in the form of lower prices going forward. Companies, in theory, could no longer need to pass tariff costs along to customers: a win for shoppers and tariff-sensitive businesses. Ads by Money. We may be compensated if you click this ad.AdPersonal Loans can provide financial relief during an emergency.Personal loans can be used for multiple things, like paying medical bills and consolidating high-interest debt. Click below to see if you qualify!Get Started More from Money: Why States With No Income Tax Aren't as Affordable as They Seem Here's How Low Inflation Would Be Without Trump’s Tariffs, According to New Research From Phones to Jewelry, These 7 Things Are Getting More Expensive in 2026 SHOWHIDEAds by Money. We may be compensated if you click this ad.AdPersonal Loans can help you get back on trackGet Started