Trump tariffs: U.S. could owe more than $175 billion in refunds after Supreme Court ruling, estimate says

U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.Multiple importers already have pending lawsuits seeking refunds of their tariffs, citing lower-court rulings that found Trump's tariffs are not legal.The $175 billion refund estimate from the Penn-Wharton Budget Model was produced at the request of the Reuters news wire service. The model is a non-partisan fiscal research group at the University of Pennsylvania.The potentia ...