In February 2026, the US Supreme Court struck down, by a 6-3 vote, the tariffs imposed by the Trump administration under IEEPA, ruling that taxing authority belongs to Congress and not the executive branch. The federal government’s total exposure from the invalidated tariffs ranges from $166 billion to $175 billion based on Customs and Border Protection data and Penn Wharton Budget Model projections. Amazon reported receiving approximately $600 million in tariff refunds in Q2 2026, while Williams-Sonoma collected $200 million in total refunds, directing $10 million toward employee pension contributions. However, carriers FedEx, UPS, and DHL are facing lawsuits from consumers arguing that refunds should flow back to the customers who paid the fuel surcharges and import-handling fees.
Source: Read the original article
