The Supreme Court invalidated tariffs imposed under IEEPA, forcing the US government to refund approximately $100 billion to major importing corporations, including Apple ($2.2 billion), Walmart ($2.4 billion), and Amazon ($600 million). These refunds represent roughly 60% of the $166 billion in total duties originally collected. Consumers, who bore the burden of higher prices during the tariff period, are unlikely to receive any compensation despite this windfall flowing back to corporations. New tariffs are being pursued under alternative legal authorities and face their own legal challenges.
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