'Next five years in court...': Trump warns of endless legal war over $175 billion tariff refunds - Business News, Finance News, Share Market News - Market trendz

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Saturday, 21 February 2026

'Next five years in court...': Trump warns of endless legal war over $175 billion tariff refunds


More than $175 billion in collected tariffs could be refunded after the US Supreme Court struck down key duties imposed under President Donald Trump’s aggressive trade push, dealing a major legal and financial setback to a move, once billed as pitched as cornerstone of his economic reset.The 6–3 ruling said Trump overstepped his authority by using emergency-powers law to impose sweeping tariffs, with Chief Justice John Roberts stressing that the statute did not grant presidents open-ended power to set import taxes.

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