economy
March 9, 2026
Small business owners doubt they’ll see refunds after supreme court invalidates Trump’s tariffs
Ruling could free $175bn, but legal hurdles and higher costs have left businesses questioning if claims are even worth it
TL;DR
- The US Supreme Court struck down Donald Trump's tariffs, potentially allowing for up to $175 billion in refunds.
- Small businesses have struggled with increased costs and uncertainty due to the tariffs.
- Examples include a lighting company whose brands raised prices by at least 12%, a furniture maker facing higher lumber and hardware costs, and an outdoor gear company whose duty fees jumped significantly.
- Many business owners are skeptical about the feasibility and cost-effectiveness of claiming refunds, citing complexity and potential legal expenses.
- Some businesses experienced substantial financial impact, with money set aside for renovations or salary increases being diverted to cover tariff costs.
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