Tariff dividend checks were always a long shot, and tariff refund checks aren't likely. But consumers may yet get some of their money back.

The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.

By Timothy Aeppel and Laura Matthews Feb 24 (Reuters) - The prices importers can get from selling rights to potential government refunds have surged in the wake of the U.S. Supreme Court’s ruling that President Donald Trump’s emergency tariffs are illegal.

On Friday, the Supreme Court delivered a major setback to Trump's agenda when it struck down his sweeping tariffs. Trump announced later he would reimpose global tariffs at 15%, though they took effect Tuesday at 10%.

Despite the U.S. Supreme Court ruling to strike down President Donald Trump's sweeping taxes on imports, on Monday he threatened countries to stick to their current tariff deals.

President Donald Trump addressed the nation in front of Congress and touted his economic policies, including the tariffs that SCOTUS struck down.

President Trump's new tariffs could further strain global trade relations, pushing businesses to operate more cautiously and hurting the U.S. economy.

While the SCOTUS Ruling on Tariffs could trigger up to $150 billion in refunds, the consensus is that most retailers will not see these refunds anytime soon.