The market gained attention following allegations Brandon Lutnick, the son of Commerce Secretary Howard Lutnick, participated in the otherwise legal trade with conflicts of interest.

A federal court in New York ruled Wednesday that businesses that paid emergency tariffs invalidated by the Supreme Court are eligible for refunds.

A system to process at least $166 billion in tariff refunds could be up and running in 45 days. That’s the alternative to a manual process that could take 4 million hours, according to a senior US Customs and Border Protection executive.

In a defeat for the Trump administration, the U.S. Court of International Trade said all “importers of record” were “entitled to benefit” from the ruling against the sweeping tariffs.

Costco CEO Ron Vachris said on March 5, that Costco would be returning any recovered tariff charges through lower prices and better values.

By Tom Hals March 6 (Reuters) - A U.S. judge will meet behind closed doors with government lawyers on Friday seeking to hammer out a process to refund up to $166 billion in illegally collected tariffs,

While a judge’s decision has raised hopes, it could take months before money hits anyone’s bank account.