The Trump administration will launch a system to repay importers $166 billion in tariffs two months after the Supreme Court struck down key trade measures. The refunds follow a March ruling by the Court of International Trade that ordered the government to return the money collected under tariffs central to President Trump's trade policy. The administration initially opposed the refunds, but the court's intervention forced compliance.

President Trump had championed these tariffs as a cornerstone of his economic strategy, using them to pressure trading partners and protect domestic industries. The refund process represents a significant reversal for the administration, which had defended the tariffs as legal and necessary. Importers who paid the duties will now receive reimbursements through a new government system designed to handle the massive payout.

The refunds mark a major shift in U.S. trade policy and could impact businesses that absorbed the costs of the tariffs. Companies that imported goods subject to the duties may see improved cash flow as reimbursements arrive. The move also signals the judiciary's role in checking executive trade authority, setting a precedent for future tariff disputes.