‘That would be neat’: American businesses eye $1 trillion in tariff refunds—and a long fight ahead—depending on the Supreme Court

FortuneThursday, October 23, 2025 at 1:00:00 PM
‘That would be neat’: American businesses eye $1 trillion in tariff refunds—and a long fight ahead—depending on the Supreme Court
American businesses are looking at the possibility of reclaiming $1 trillion in tariff refunds as the Supreme Court prepares to hear arguments regarding the legality of these levies under the International Emergency Economic Powers Act next month. This case is significant as it could reshape the landscape of international trade and economic policy, impacting numerous companies and the broader economy.
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