The U.S. Supreme Court is currently reviewing the legality of tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA). A decision is anticipated in early 2026, which could potentially lead to $133 billion in tariff refunds to U.S. importers. This ruling may significantly impact federal tariff revenue and influence future trade policies. Plaintiffs, including V.O.S. Selections and other importers, argue against the tariffs, and if the court rules in their favor, refunds could be processed through U.S. Customs and Border Protection. The Department of Justice has confirmed the court's authority to mandate such refunds if the tariffs are deemed unlawful, which could alter international trade dynamics and affect the administration's funding strategies.