The federal government is facing a staggering $175 billion 'repayment tsunami' after a New York judge ruled on 4 March 2026 that all importers are entitled to refunds for illegal Trump-era tariffs.
Building on a February Supreme Court decision, Judge Richard Eaton of the US Court of International Trade declared that importers of record are 'entitled to benefit' from the voiding of duties imposed under the International Emergency Economic Powers Act (IEEPA).
