#Tag · BT Free Social

At least 1,800 companies have filed suit to get tariff money they paid back after the Supreme Court declared Trump's IEEPA tariffs illegal.

Most filed ahead of the SCOTUS ruling.

"Through Dec. 10 (2025), at least 301,000 importers were subject to the #tariffs that were ultimately struck down..."

Likely including "individuals who paid tariffs directly on goods purchased overseas."

#USA #trump #law #business #economics #trade
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https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123

4 media

LAW
The $130 Billion Race for Companies to Get Their Tariff Money Back
At least 1,800 companies have filed lawsuits seeking refunds from the government, following the Supreme Court's tariff ruling last week

BARNES &NOBLE
FedEx
Express
VHOLESALE
Goodyear
COSTCO

Companies filing lawsuits seeking tariff refunds include some well-known names. ILLUSTRATION: RACHEL MENDELSON/WSJ; BLOOMBERG, GETTY IMAGES
By Louise Radnofsky, Lydia Wheeler and Chao Deng
Feb 25, 2026 07:00 p.m. ET

https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123

Accessed: 26 February 2026 at 1933 CST — LAW The $130 Billion Race for Companies to Get Their Tariff Money Back At least 1,800 companies have filed lawsuits seeking refunds from the government, following the Supreme Court's tariff ruling last week BARNES &NOBLE FedEx Express VHOLESALE Goodyear COSTCO Companies filing lawsuits seeking tariff refunds include some well-known names. ILLUSTRATION: RACHEL MENDELSON/WSJ; BLOOMBERG, GETTY IMAGES By Louise Radnofsky, Lydia Wheeler and Chao Deng Feb 25, 2026 07:00 p.m. ET https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123 Accessed: 26 February 2026 at 1933 CST

Quick Summary
• The U.S. Supreme Court ruling striking down many of Trump's global tariffs is leading companies to seek refunds for at least $130 billion.
• At least 1,800 companies have filed lawsuits seeking refunds, with more expected, creating a deluge of litigation.
• In lawyers' optimistic assessments, it could take as little as a year, or two, to get their refunds. Pessimistic guesses run considerably longer.

President Trump's far-reaching global tariffs netted at least $130 billion in the 10 months they were in effect. For businesses, getting a refund could take far longer.
Since the U.S. Supreme Court struck down many of Trump's tariffs last Friday, dozens of companies have rushed to court to try to get their money back, joining hundreds of others who filed suits in anticipation of the court's ruling.

https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123

Accessed: 26 February 2026 at 1933 CST — Quick Summary • The U.S. Supreme Court ruling striking down many of Trump's global tariffs is leading companies to seek refunds for at least $130 billion. • At least 1,800 companies have filed lawsuits seeking refunds, with more expected, creating a deluge of litigation. • In lawyers' optimistic assessments, it could take as little as a year, or two, to get their refunds. Pessimistic guesses run considerably longer. President Trump's far-reaching global tariffs netted at least $130 billion in the 10 months they were in effect. For businesses, getting a refund could take far longer. Since the U.S. Supreme Court struck down many of Trump's tariffs last Friday, dozens of companies have rushed to court to try to get their money back, joining hundreds of others who filed suits in anticipation of the court's ruling. https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123 Accessed: 26 February 2026 at 1933 CST

To date, at least 1,800 companies have filed lawsuits seeking refunds, according to a Wall Street Journal analysis, with more joining the rolls every day. Most-including well-known names like Costco
Wholesale
, Goodyear Tire
& Rubber
GT 3.64% V
and Barnes & Noble
Purchasing-filed ahead of the Supreme Court ruling.
More companies have joined them in the days since the court's decision, including
FedEx
FDX 1.03% J
, and lawyers are
predicting a deluge of litigation to come.

https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123

Accessed: 26 February 2026 at 1933 CST — To date, at least 1,800 companies have filed lawsuits seeking refunds, according to a Wall Street Journal analysis, with more joining the rolls every day. Most-including well-known names like Costco Wholesale , Goodyear Tire & Rubber GT 3.64% V and Barnes & Noble Purchasing-filed ahead of the Supreme Court ruling. More companies have joined them in the days since the court's decision, including FedEx FDX 1.03% J , and lawyers are predicting a deluge of litigation to come. https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123 Accessed: 26 February 2026 at 1933 CST

"We're talking asbestos level of lawsuits," said Matthew Seligman, a federal litigator who is filing lawsuits for importers, referring to the thousands of lawsuits filed over decades seeking recovery for alleged injuries related to the material.

But the tariff cases, he said, are "all happening at the exact same time."

Through Dec. 10, at least 301,000
importers were subject to the tariffs that were ultimately struck down, Customs and Border Protection officials said in a
court filing. That total likely includes many businesses, but also some individuals who paid tariffs directly on goods purchased overseas, lawyers have said.

https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123

Accessed: 26 February 2026 at 1933 CST — "We're talking asbestos level of lawsuits," said Matthew Seligman, a federal litigator who is filing lawsuits for importers, referring to the thousands of lawsuits filed over decades seeking recovery for alleged injuries related to the material. But the tariff cases, he said, are "all happening at the exact same time." Through Dec. 10, at least 301,000 importers were subject to the tariffs that were ultimately struck down, Customs and Border Protection officials said in a court filing. That total likely includes many businesses, but also some individuals who paid tariffs directly on goods purchased overseas, lawyers have said. https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123 Accessed: 26 February 2026 at 1933 CST

ˈdälfən™🐬 💥 🌊

@dalfen@mstdn.social · 14 hours ago

At least 1,800 companies have filed suit to get tariff money they paid back after the Supreme Court declared Trump's IEEPA tariffs illegal.

Most filed ahead of the SCOTUS ruling.

"Through Dec. 10 (2025), at least 301,000 importers were subject to the #tariffs that were ultimately struck down..."

Likely including "individuals who paid tariffs directly on goods purchased overseas."

#USA #trump #law #business #economics #trade
--

https://www.wsj.com/us-news/law/the-130-billion-race-for-companies-to-get-their-tariff-money-back-1dcc5123

4 media

The Doctor boosted

TinDrum

@oscarjiminy@aus.social · yesterday

Ha-Joon Chang

'The dominance of neoclassical economics in our university curricula has created a world where we are told there is no alternative — only technical adjustments to a system that is fundamentally fair, rational and efficient. But this is fiction. Economics today resembles Catholic theology in medieval Europe: a rigid doctrine guarded by a modern priesthood who claim to possess the sole truth. Dissenters are shunned. Non-economists are told to “think like an economist” or not think at all. This is not education. It’s indoctrination'

#economics #academicDoctrine #economicTheology

https://www.ft.com/content/9aabb4a9-d896-4b4c-a40a-1c4477a47a29

Client Challenge

TinDrum

@oscarjiminy@aus.social · yesterday

Ha-Joon Chang

#economics #academicDoctrine #economicTheology

https://www.ft.com/content/9aabb4a9-d896-4b4c-a40a-1c4477a47a29

Client Challenge

NapelsGeel and 1 other boosted

Emeritus Prof Christopher May

@ChrisMayLA6@zirk.us · 3 days ago

As a political economist, of course I agree with Jostein Hauge when he concludes:

'Economics is fundamentally political — it has never been & never will be, a value-free science. At its core, economics is shaped by ideologies, human morality, competing interests, social norms & political priorities. Pretending otherwise does not make economics more rigorous. It makes it more dangerous. Economics was born as political economy for a reason!'

#economics #politics

https://www.theglobalcurrents.com/p/economics-is-fundamentally-political

Economics is fundamentally political

The dangerous illusion of economics as a value-free science

NapelsGeel boosted

unusual_whales

@unusual_whales@masto.ai · 2 days ago

He allegedly gave financial info to Epstein.

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Yonhap Infomax News

unusual_whales

@unusual_whales@masto.ai · 3 days ago

#news #finance #economics #stocks #options

atomkarinca liked this activity

Yogthos

@yogthos@social.marxist.network · 3 days ago

Hedge funds are rapidly retreating from global stocks, with net selling hitting its fastest pace since April 2025. This surge, driven heavily by short sales, signals deep investor skepticism that recent market gains are sustainable. Funds are aggressively reducing exposure, particularly in North America and Europe, with the financials sector seeing the heaviest disposals. The selling signals growing concerns over mixed economic data.

https://www.bloomberg.com/news/articles/2026-02-23/hedge-funds-sold-most-global-equities-since-april-goldman-says

#news #economy #economics

Bloomberg.com

Hedge Funds Sold Most Global Equities Since April, Goldman Says

Hedge funds’ net sales of global stocks reached the fastest pace since the tariff meltdown of early April 2025, according to traders on Goldman Sachs Group Inc.’s Prime Services Desk.

Kevin Russell boosted

tanya tussing

@tanyatussing@mastodon.social · 3 days ago

"When you make enough money, you get to write the laws."

Funny, yet depressing, 3 min video about how #PBM s raise #drug prices:

https://www.youtube.com/watch?v=_khH6pZnHCM

#Economics #PoliEcon #Inflation

tanya tussing

@tanyatussing@mastodon.social · 3 days ago

"When you make enough money, you get to write the laws."

Funny, yet depressing, 3 min video about how #PBM s raise #drug prices:

https://www.youtube.com/watch?v=_khH6pZnHCM

#Economics #PoliEcon #Inflation

Kevin Russell boosted

tanya tussing

@tanyatussing@mastodon.social · 3 days ago

#JBPritzker wants a refund for Trump's illegal #tarriffs

"Your tariff #taxes wreaked havoc on #farmers, enraged our allies, and sent #grocery prices through the roof. This morning, your hand-picked #SupremeCourt Justices notified you that they are also unconstitutional."

"On behalf of the people of Illinois, I demand a refund of $1,700 for every family in Illinois."

5,105,448 (households in IL) X $1,700
= $8,679,261,000.

For more:
https://emptywheel.net/jb-pritzkers-invoice-paybacks-a-bitch/

#Economics