Supreme Court ruling puts $2.7B in Virginia tariffs in limbo
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Virginia importers paid nearly $2.7 billion in tariffs that are now in limbo after the Supreme Court struck down a swath of President Trump's trade levies on Friday.
Why it matters: Roughly $126 billion nationwide could be subject to refunds. But it's unclear who would get the money, or when.
Catch up quick: The overturned tariffs imposed under the International Emergency Economic Powers Act (IEEPA) likely made a few things more expensive — from clothes and medical supplies for hospitals to fruits, vegetables and liquor.
Yes, but: They were only one piece of Trump's broader tariff agenda.
By the numbers: Virginia's tariff costs heavily trail some larger states, according to economic research firm Trade Partnership Worldwide.
- California paid $28 billion from February to December 2025, followed by Texas ($12 billion) and Georgia ($7.7 billion).
What we're watching: Trump said he'd move to impose a global 10% tariff under a separate authority.
- Meanwhile, there's no clear path ahead for Virginia to recoup those $2.9 billion.