A new bill, the Payback Act, aims to refund Americans for tariffs paid. But will consumers actually get money back? What we know

HONG KONG — Global trade has been upended again after the Supreme Court struck down President Donald Trump’s “reciprocal” tariffs, with U.S. trading partners and businesses around the world grasping t

The United States began collecting a temporary new 10% global import tariff on Tuesday, but the Trump administration was working to increase it to 15%, a White House official said, sowing confusion over President Donald Trump's tariff policies after last week's Supreme Court defeat.

The U.S. Commerce Secretary Howard Lutnick visits India days after the Supreme Court struck down President Trump’s tariffs as New Delhi hints at revisiting its U.S. trade deal.

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

Well before the Supreme Court struck down many of President Trump's tariffs, Wall Street had been literally betting on it. Firms created a market to sell companies' claims on refunds, if they happen.

The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.

After the Trump administration’s punishing tariffs were invalidated, the president said he would impose new tariffs using a different authority. It’s been a whirlwind.

Claims about new stimulus checks, IRS direct deposits, relief payments and tariff dividends circulated widely throughout 2025, and they’re still making the rounds in 2026. The question is whether any