Treasury Refunds $100B After Supreme Court Voids IEEPA Tariffs

The U.S. Treasury has refunded $100 billion of the $166 billion collected under the unconstitutional IEEPA tariffs, processing 252K claims covering 25 million entries. This is a concrete, massive financial impact from the Court's ruling limiting presidential tariff authority. Trump has pivoted to Section 122 and Section 301 tariffs, and a new lawsuit (Rivian) challenges the circumvention. The refund underscores the real-world consequences of the Court's decision on trade and executive power.