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Feb 22, 2026

Tariff refunds: Who's getting them and when will they be issued?

The Brief

    • The Trump administration will likely have to refund the $133 billion it has collected for President Trump’s tariffs after the Supreme Court ruled against the import taxes Friday. 
    • Importers who want refunds should anticipate a lengthy and potentially convoluted process for getting their money back.
    • Consumers who are looking for relief shouldn’t get their hopes up, experts say.

The Supreme Court ruling that struck down most of President Donald Trump’s tariffs Friday has left unanswered questions: Will the money already collected by the government be refunded? And if so, who’s getting their money back? 

Trade experts say the amount of money raised from Trump’s tariffs is substantial –  $133 billion – and companies are already lining up for refunds. Here’s the latest: 

Tariff refunds

 

What we know:

The 6-3 Supreme Court opinion ruled that Trump’s attempt to use the 1977 International Emergency Economic Powers Act (IEEPA) to enact the taxes is not valid. That power belongs to Congress, the justices said. But the high court ruling said "nothing about whether, and if so how, the Government should go about returning the billions of dollars that it has collected from importers," Justice Brett Kavanaugh, who voted in favor of the tariffs, wrote in his dissenting opinion. 

RELATED: Supreme Court rules Trump's tariffs violated federal law

Trade lawyers say importers who want refunds should anticipate a lengthy and potentially convoluted process for getting their money back. The process is likely to be handled by a mix of the U.S. Customs and Border Protection agency, the specialized Court of International Trade in New York and other lower courts, according to lawyers at the legal firm Clark Hill.

A television broadcasts news about the Supreme Court striking down President Trump's global tariffs on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, Feb. 20, 2026. Photographer: Michael Nagle/Bloomberg via Getty Images

The U.S. customs agency does have a process for refunding duties when importers can show there’s been an error, and there’s precedent for courts making arrangements to give companies their money back in trade cases. But the courts and U.S. customs have never had to deal with anything like this — thousands of importers and tens of billions of dollars at once.

What they're saying:

"The government is well-positioned to make this as difficult as possible for importers. I can see a world where they push as much responsibility as possible onto the importer," trade lawyer Joyce Adetutu, a partner at the Vinson & Elkins law firm, told The Associated Press. "It’s going to be a bumpy ride for a while."

What does Trump say about refunds?

What we don't know:

It’s still unclear what the refund process will look like, or whether importers will have to sue the federal government to get their money back. A defiant Trump said Friday that "I guess it has to get litigated for the next two years." 

President Trump: SCOTUS ruling is 'deeply disappointing' undefined Looks like we're having trouble loading this video. You can check out other videos while we get it together.      

President Trump: SCOTUS ruling is 'deeply disappointing'

President Donald Trump called the SCOTUS ruling on tariffs, "deeply disappointing." The Supreme Court ruled in a 6-3 decision that Trump did not have authority to issue sweeping tariffs. 

"Just because the process is difficult to administer doesn’t mean the government has the right to hold on to fees that were collected unlawfully,″ said trade lawyer Alexis Early, partner at the law firm Bryan Cave Leighton Paisner.

Timeline:

If refunds are issued, TD Securities estimates it will take 12 to 18 months to return the money. 

Will consumers get a tariff refund? 

Dig deeper:

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