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Supreme Court justices from both wings signaled deep skepticism toward the Trump administration’s defense of most tariffs, raising hopes for refunds on nearly $90 billion collected so far. Yet who would qualify and how remains murky. Justice Amy Coney Barrett pressed attorney Neal Katyal, who said his five client businesses should be repaid, while broader claims could be a difficult administrative slog. Importers may need protests or extensions as CBP finalizes entries; refunds could include interest. Meanwhile, banks have been buying claims at steep discounts, prompting some sellers’ remorse after Wednesday’s arguments.

Prepared by Christopher Adams and reviewed by editorial team.