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 Supreme Court decision to strike down Trump's tariffs has thrown fresh confusion over the raft of trade deals negotiated with global partners, stalling trade talks.

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:

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.

India is unlikely to eliminate Russian oil imports and the U.S. may not have enough leverage to push New Delhi to do so, analysts say.

The Trump administration has suggested the refund issue could be tied up for years in court.

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

After Trump’s Supreme Court tariff defeat, administration officials are devising legal strategies that would let the president keep some — or maybe even most — of the revenue, five people familiar with the conversations told POLITICO.

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.