The Supreme Court invalidated Trump's tariffs imposed under the International Emergency Economic Powers Act in February 2026, and courts have ordered the US government to refund duties collected before the ruling. Total refunds owed are estimated between $130 billion and $182 billion, though only $20–22 billion has actually been paid out so far. These refunds will widen the federal budget deficit once fully processed, but companies receiving them say they'll use the money to offset inflation rather than invest in new activity. The variation in estimates reflects different methodologies for calculating which tariffs were illegal and how much was collected under them.