Supreme Court Voids IEEPA Tariffs: $175B Refund Battle Looms for Importers
In a landmark 6-3 decision, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the President authority to impose tariffs. The ruling invalidates billions in duties collected since early 2025 and sets the stage for a massive $175 billion refund process.