Last mentioned: Feb 20, 2026
Refund Filing Window
Anticipated start of major corporate legal filings for duty restitution.
Tariff Collection Halt
Customs and Border Protection expected to pause 'Liberation Day' duty collections.
Supreme Court Ruling
SCOTUS issues 6-3 decision striking down the tariffs as an unlawful exercise of executive power.
Supreme Court Ruling
The Court issues a 6-3 decision striking down global tariffs.
Legal Challenges Filed
Retail and shipping trade groups file suit in federal court challenging the legality of the duties.
Tariffs Imposed
President Trump announces 'Liberation Day' global tariffs under emergency authority.
The U.S. Supreme Court has invalidated President Donald Trump's sweeping 'Liberation Day' tariffs, ruling that the administration exceeded its authority under national emergency laws. This decision curtails executive power over trade and opens the door for U.S. importers to reclaim billions in paid duties.
The U.S. Supreme Court has invalidated President Donald Trump’s sweeping 'Liberation Day' tariffs, ruling they exceeded executive authority under national emergency statutes. This landmark 6-3 decision opens the door for U.S. importers to seek billions of dollars in refunds for duties already paid.