Goldman Sachs says U.S. consumers are stuck with higher prices even after Supreme Court ruling opens door to $180 billion in tariff refunds

Scott Bessent sits during a testimony with both hands raised beside him. (Credit: Tom Williams—CQ-Roll Call, Inc./Getty Images)

The Supreme Court’s decision striking down President Donald Trump’s tariffs has created a $180 billion opportunity for U.S. companies to recoup the cost of import taxes through potential refunds. For American consumers, however, the chances of seeing relief are slim.

Goldman Sachs economists warned that while tariff-related inflation has likely peaked, prices are unlikely to meaningfully fall anytime soon. Tariffs added a 0.7% increase in inflation over 10 months, and levies are expected to add another 0.1% in 2026, analysts wrote in a note to clients on Monday.