Trump tariffs: U.S. could owe more than $175 billion in refunds after Supreme Court ruling, estimate says

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The US may owe over $175 billion in refunds to importers after a Supreme Court ruling, with the refund process potentially being chaotic, according to estimates and a dissenting justice.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Supreme Court Justice Brett Kavanaugh, in his dissent, warned that "the refund process" for tariffs "is likely to be a 'mess,' " citing oral arguments

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Original article published by CNBC on February 20, 2026.
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