The Supreme Court ruled on Trump's tariff actions before his State of the Union adress. Here's where the $2,000 rebate gift still stands.

The U.S. Supreme Court’s February 20, 2026 decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA) may end up doing more than reshaping trade policy. It may also create a very practical—and potentially expensive—question in mergers and acquisitions:

Tariff dividend checks were always a long shot, and tariff refund checks aren't likely. But consumers may yet get some of their money back.

For Michael Kersey, president of the American Lawn Mower Company, these solicitations represent an existential threat. “Tariff cheating is much, much worse than tariffs for us,” said Kersey, who began outsourcing production to China two decades ago and paid as much as 45% to bring those goods into the US over the last year.

The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.

While the SCOTUS Ruling on Tariffs could trigger up to $175 billion in refunds, the consensus is that most retailers will not see these refunds anytime soon.

Anyone who paid the taxes should get reimbursed, but the high court did not address how. Business owners wonder if they'll need lawyers, brokers, money — or luck.

Gold rose, lifted by a softer dollar ​and heightened safe-haven demand ​amid uncertainty over U.S. ​tariffs and rising friction between Washington and Tehran.