Federal judge orders Trump administration to repay tariffs

In a major legal defeat for the White House, a federal judge has ordered the Trump administration to begin refunding an estimated $130 billion to $175 billion in tariffs. The ruling, issued on Wednesday, March 4, 2026, follows a Supreme Court decision that invalidated the President’s use of emergency powers to impose sweeping trade duties. Thousands of companies, from small businesses to giants like FedEx and Costco, are now positioned for massive payouts.