Conversation around tariffs has surged after the U.S. Supreme Court recently struck down the broad global tariffs that President Trump had imposed under emergency powers, ruling they were unconstitutional because only Congress can levy taxes like tariffs.

US President Donald Trump has introduced a new 10% global tariff rate after the Supreme Court ruled that the majority of tariffs he introduced in 2025 were illegal. Trump argues that his import taxes have boosted US manufacturing and created jobs.

A new bill, the Payback Act, aims to refund Americans for tariffs paid. But will consumers actually get money back? What we know

Anyone who paid the taxes should get reimbursed, but the high court did not address how. Business owners wonder if they'll need lawyers, brokers, money — or luck.

“It does not take into account the fact that domestic producers will likely raise their prices if a US global tariff takes effect, and it does not take into account other costs to American wage earners when foreign retaliation results in the loss of higher-paying jobs producing goods and services to sell abroad.

The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.