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Live Updates  >  Live Update Details

2026-02-22 10:21:37

[US Companies Sue for Tariff Refunds; Trump Says Lawsuit Could Last Five Years] According to NBC News on February 21, hundreds of companies have filed lawsuits demanding refunds for tariffs paid by the Trump administration after the Supreme Court ruled that the government's massive tariff policies were illegal. The Supreme Court's ruling means that some tariffs imposed over the past few years lack legal basis, and companies may be able to get back the taxes they have paid. However, some economists point out that the process for companies to apply for tariff refunds is currently unclear. President Trump acknowledged at a press conference on February 20 that the Supreme Court's ruling will trigger a protracted legal battle. He stated that the question of whether the federal government must refund tariffs to US companies could "go through five years of litigation." This means that even if companies win their cases, actually receiving a refund could face a lengthy legal process.

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