Following the Supreme Court’s historic decision against President Donald Trump’s trade policies, a US appeals court moved to expedite the issue of refunds, potentially involving over $130 billion (€111 billion) in tariffs and, according to some estimates, as much as $175 billion (€150 billion).
The US Court of Appeals for the Federal Circuit in Washington rejected the Justice Department’s request for a four-month delay to give the administration time to consider its options and remanded the case immediately to the US Court of International Trade (CIT) in a succinct one-page ruling on Monday.
The International Emergency Economic Powers Act (IEEPA) of 1977 does not give the president the power to impose tariffs, according to the Supreme Court’s 6–3 ruling on February 20, invalidating sweeping levies that were implemented in 2025.
A 10% “reciprocal” baseline tax on goods from almost all US trading partners was one of those measures, along with higher rates based on perceived trade deficits and targeted penalties like 10% on China and 25% on some imports from Canada and Mexico. Shortly after, the reciprocal IEEPA tariffs were abolished, and as of February 24, collection ceased.
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