Companies seek billions in tariff refunds following Supreme Court decision

Major law firms are preparing for a surge in litigation after the Supreme Court ruled against recent tariffs. Companies now seek to recoup billions in fees.

Insights:
The Supreme Court of the US USUS ruled on February 20, 2026, that President Donald Trump lacked the authority to impose tariffs under a statute intended for national emergencies, a decision that is expected to trigger a massive surge in refund litigation. The ruling removes the legal foundation for the tariffs in question and could affect roughly $175 billion in customs revenue collected since last April. According to court records and legal experts, the decision directly impacts more than 1,800 pending or potential cases currently facing the federal court system.
FILE PHOTO: A general view of the U.S. Supreme Court in Washington, D.C., U.S., on January 20, 2026. REUTERS/Nathan Howard/File Photo
FILE PHOTO: A general view of the U.S. Supreme Court in Washington, D.C., U.S., on January 20, 2026. REUTERS/Nathan Howard/File Photo
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