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Jamie Redman

Trump Criticizes $149B Tariff Refund After Supreme Court IEEPA Ruling

President Donald Trump said on May 18, 2026, that he is angry the federal government must return $149 billion in tariff proceeds after a Supreme Court decision narrowed his IEEPA-based tariffs. The Court ruled 6-3 in February 2026 that the 2025 “reciprocal” tariffs exceeded executive authority, triggering refunds through CBP’s CAPE portal and ongoing interest estimated at $650 million per month.
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