News Alert

Thursday, February 19, 2026

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The U.S. has refunded roughly $100 billion in tariffs struck down by the Supreme Court

The Trump administration has refunded approximately $100 billion in tariffs collected under the International Emergency Economic Powers Act before the Supreme Court struck down that authority in February, according to a court filing Tuesday. The sum represents about three-fifths of the nearly $166 billion CBP collected under IEEPA. The administration built a dedicated portal to handle the claims — but the scale of remaining work is substantial, with more than 330,000 importers and 53 million entries still in the pipeline.

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		Bezos jumps on Amazon's record rally to sell $4 billion in stock. Amazon founder Jeff Bezos filed his intention to offload approximately 15 million shares after the stock's recent 20% upswing. Amazon's second-quarter results helped push the company's market value above $3 trillion for the first time.

		Apple seeks an injunction against OpenAI over trade secrets. The iPhone maker asked for an emergency court order that would bar two former employees from sharing confidential information. Apple alleges that one of the employees pulled hardware files from a company laptop.

		U.S. states are suing Trump over his forced-labor tariffs. Twenty-five states want the tariffs of 10% and 12.5% deemed unlawful and a full refund of all duties paid under the new provision. President Donald Trump's levies affect 60 trading partners and cover 99.4% of total U.S. imports.

		Shein is targeting an IPO valuation of up to $40 billion. The company's new target is far lower than its peak valuation of $98.2 billion from 2022. Shein is reportedly prioritizing a price that can support the stock rather than maximize value after booking a $99 million first-quarter net loss.

		U.S. trade deficit shrank in June thanks to falling imports. Total imports dropped 1.8% to $388 billion, while the goods and services deficit narrowed by $4.4 billion to $73.3 billion. AI spending on computer accessories and semiconductors had pushed imports in May to a 14-month high.

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News Alert﻿

The U.S. has refunded roughly $100 billion in tariffs struck down by the Supreme Court

Travel like you have a trust fund﻿

Here's what you need to know

News Alert

Travel like you have a trust fund