Supreme Court Rules Trump Tariffs Illegal, $150B Refund Now on the Table

TLDR: The Supreme Court struck down Trump’s IEEPA tariffs, putting $150B+ in potential refunds on the table for U.S. firms. Refunds won’t be automatic; companies must file claims or lawsuits to recover payments made under the tariffs. If tariffs ease, import costs may fall, inflation could cool, and the Fed may have room to cut [...]

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