Trump Rages Over $149B Tariff Refunds After Supreme Court Voids Regime
President Donald Trump remains angry three months after the Supreme Court invalidated his tariff regime in February, telling Fortune that he is furious about being forced to refund $149 billion to countries and entities he claims “hate us” and “ripped us off for years.” The 6-3 decision by the conservative-majority Court ruled that Trump lacked clear congressional authorization to unilaterally impose tariffs under the 1977 International Emergency Economic Powers Act, with Chief Justice John Roberts writing that Trump’s assertion of “extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope” exceeded constitutional bounds.
Trump’s primary complaint centers not on the ruling itself but on the financial consequences: his administration must issue refunds exceeding $35.5 billion to importers who filed for tariff relief. However, economic research contradicts Trump’s framing that tariffs burden foreign nations. A January 2025 Kiel Institute for the World Economy report found U.S. consumers paid for “nearly all” tariffs, while a February Tax Foundation analysis estimated the levies cost the average American household approximately $1,300 annually. Federal Reserve Chairman Jerome Powell’s research indicates Trump’s tariffs have sustained elevated inflation levels.
Despite the Supreme Court’s decision, Trump has pursued legal workarounds to reimpose tariffs, invoking Section 122 of the 1974 Trade Act to impose a 10 percent levy on all imports. Trump attacked the justices who ruled against him, including Neil Gorsuch and Amy Coney Barrett, whom he appointed, calling them “incorrect” and stating he was “absolutely ashamed” of their decision. His administration collected $195 billion in tariff revenue during the last fiscal year, which Treasury Secretary Scott Bessent cited as progress toward deficit reduction.
Public opposition to Trump’s tariff expansion has grown substantially. A February Pew Research Center survey found 60 percent of Americans disapprove of the administration’s expanded tariffs. Companies that directly paid tariffs will receive refunds through the administration’s ongoing process, but consumers are unlikely to see relief, according to reporting from The New York Times, as payments flow only to importers rather than end users.