The Supreme Court's bombshell tariff ruling failed to answer a $133 billion question over refunds: Here's what happens now.

The article discusses a recent Supreme Court ruling that President Donald Trump does not have the legal authority to impose tariffs using emergency powers, marking a significant setback for the administration. The court's 6-3 decision upheld lower court rulings deeming the tariffs illegal but did not address whether companies could recoup approximately $133 billion already paid under these tariffs, leaving the refund process uncertain. Trade lawyers anticipate that the issue will return to the Court of International Trade, where the outcome remains unclear, and companies may face delays in receiving refunds. Additionally, the article highlights Costco's proactive legal strategy to secure its rights to a refund, which has been adopted by over 1,000 other companies. [Extracted from the article]