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Friday, Mar. 20, 2026

Did a judge rule CT corporations are ‘entitled’ to refund for overturned Trump tariffs?


yes

A recent ruling held that all affected importers are entitled to refunds for the unconstitutional tariffs. The decision is expected to be challenged in court.

In April 2025, President Donald Trump invoked the International Emergency Economic Powers Act to impose a slate of tariffs, citing trade deficits, drugs, and crime. The U.S. Supreme Court ruled this action unconstitutional in February 2026.

This month, the U.S. Court of International Trade sided with a Tennessee filter company, which claimed the right to a tariff refund. The judge wrote, “all importers of record” are “entitled to benefit.”

Estimated IEEPA tariffs paid through December 2025 total nearly $130 billion, including $691.9 million in Connecticut, according to Axios. Connecticut’s attorney general has estimated the statewide financial impact could now exceed $2 billion.

If the Trump administration’s appeal is unsuccessful, Penn Wharton Budget Model estimates it could pay out $175 billion in refunds.

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