JUST IN: Amazon CEO Jeff Bezos Confirms Company Plans to Recover $35 Billion Following Supreme Court Decision That Struck Down Donald Trump’s Controversial Tariffs as Illegal.

Supreme Court Strikes Down Trump’s Tariffs — What It Means for Amazon and the Economy

On February 20, 2026, the U.S. Supreme Court issued a major decision declaring that sweeping tariffs imposed by President Donald Trump under an emergency powers law were illegal because the president lacked clear authority from Congress to levy such broad import taxes. �

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The Ruling and Its Immediate Impact

In a 6-3 decision, the high court said the International Emergency Economic Powers Act (IEEPA) — the law used to justify the tariffs — did not give the president authority to impose tariffs on nearly all imported goods without congressional approval. This effectively voided tariffs that had been applied to most global imports since April 2025. �

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The ruling was welcomed by many business groups and retailers, who criticized the tariffs as costly and harmful to supply chains and consumers. �

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Financial Markets and Tech Stocks Rally

On the day of the decision, U.S. stock markets climbed, with major tech and e-commerce stocks—including Amazon—posting gains. The S&P 500, Nasdaq, and Dow Jones all rose as investors interpreted the ruling as a removal of economic uncertainty and a boost for companies exposed to global imports. �

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Wall Street analysts described the ruling as a positive for technology and e-commerce companies because it eases pressure on profit margins and reduces the risk of sustained higher costs from broad tariffs. �

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What Happens to the Tariff Money Already Collected?

One of the biggest unresolved questions after the ruling is what will happen to the billions of dollars the U.S. government already collected from these tariffs. Estimates suggest the U.S. Treasury had collected more than $130 billion under the disputed tariff regime. �

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The Supreme Court’s decision didn’t provide a clear refund process, and officials from both business groups and government have said sorting out refunds could be long and complicated. �

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Many large importers — including retailers such as Costco — had already begun filing lawsuits in hopes of getting refunds, but experts warn the process may take months or years and could be tied up in additional litigation.

E-commerce platforms like Amazon, Shopify, Etsy, and others saw their stock prices rise on the news, reflecting investor relief that tariff-related costs might ease. �

Amazon, in particular, had publicly noted that some tariff costs were beginning to filter into consumer prices late in 2025, though the company also said it was working to keep prices as low as possible through partnerships with sellers and operational efficiencies. �

Political Reactions and Trump’s Response

President Trump criticized the ruling, calling it a “disgrace,” and immediately announced plans to impose a new 10 % global tariff under a different legal authority from the Trade Act of 1974 — a move that markets interpreted as a less severe alternative.

Despite the setback, Trump has signaled he will continue pursuing tariff measures, complicating the long-term trade policy outlook. �

Refunds: Whether companies like Amazon will recoup any of the tariff money is still uncertain and depends on legal and administrative processes that have yet to be established. �

Trade Policy: With the White House signaling further tariff proposals, legal challenges may continue and affect supply chains. �

Economy: Markets have generally responded positively, but uncertainties around new tariff structures and refund mechanisms remain. �