What to know about potential tariff refunds after last week's Supreme Court ruling

The Supreme Court ruled on Friday that President Trump lacks the authority to unilaterally impose sweeping tariffs on nearly every country under a federal emergency powers law, prompting discussions about potential refunds for affected businesses and individuals as reported by Yahoo Finance senior reporter Brooke DiPalma during her appearance on CBS News. The decision represents a significant limitation on presidential power regarding trade policy and raises questions about the legal standing of previously implemented tariffs that may now be considered invalid. Businesses and consumers who faced increased costs due to these tariffs are now wondering whether they might be eligible for financial compensation as a result of this judicial determination. The ruling has broader implications for international trade relations and the balance of power between the executive and judicial branches in matters of economic policy.