Issued on: 21/02/2026 - 10:39Modified: 21/02/2026 - 10:42

Thousands of businesses won a hard-fought victory when the US Supreme Court ruled to overturn the White House's emergency tariffs, but the process of getting refunds has only just begun. In a decision that could ripple throughout the global economy for years, the court ruled that US President Donald Trump was not allowed to use the 1977 International Emergency Economic Powers Act to levy broad tariffs on imports.

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