Tariff Refund Clash Escalates as Courts Eye Payouts

Following the Supreme Court's ruling invalidating much of Trump's tariffs, companies including FedEx, Dyson and L’Oréal have filed lawsuits seeking refunds under the International Emergency Economic Powers Act, with more than $100 billion at stake. The government had previously pledged refunds if Trump lost but now signals a lengthy fight; Treasury Secretary Scott Bessent said refunds could not start for about a month, while roughly 900 claims have been filed in federal court. The outcome could reshape tariff revenues and their effect on U.S. consumers and the economy as courts navigate how and when refunds are issued.