Retailers get $81bn in tariff refunds after Supreme Court ruling

US businesses have received $81bn in tariff refunds after the Supreme Court struck down a large part of Donald Trump's import tax regime.

The refunds came during the current fiscal year, which began in October 2025, according to newly released budget figures. The total is $81bn, or £61bn.

The court ruling invalidated a significant portion of the duties imposed during the Trump presidency. The refunds cover tariffs paid by importers that were later deemed illegal.

Retailers and other import-dependent companies benefit directly from the cash flow. The refunds reduce the effective cost of goods imported during the tariff period.

The budget figures do not break down which companies received the largest refunds. The ruling applies broadly to the struck-down tariffs.

No further details on the exact legal basis or the timeline of future refunds were provided in the budget release.