Bosses should not hold their breath for a Trump tariff refund
The Economist
February 24, 2026
AI-Generated Deep Dive Summary
The U.S. Supreme Court has ruled against President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA), including reciprocal tariffs and those targeting Canada, China, and Mexico over fentanyl allegations. This decision marks a significant victory for businesses globally, which have long faced uncertainty due to Trump’s shifting tariff policies. The ruling invalidates the legal basis for these tariffs, potentially paving the way for refunds or adjustments to trade policies.
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Originally published on The Economist on 2/24/2026