Trump’s Tariffs Ruled Illegal — Refunds Required  The U.S. is projected to spend $2.1 trillion on interest payments by 2036 Gaza and the broader Middle East are staggering. Israel’s war on Gaza has cost approximately $112 billion since October 2023 U.S. spent $11.3 billion in the first six days of the conflict — primarily on munitions — with daily costs initially as high as $2 billionTrump’s Tariffs Ruled Illegal — Refunds Required

On February 20, 2026, the U.S. Supreme Court issued a 6-3 ruling striking down Trump’s sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that Congress — not the president — holds the power to create new taxes 

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What’s Happening With Refunds?

• A federal judge (Judge Richard Eaton) ruled that all importers of record are entitled to refunds, not just those who sued 

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• The U.S. Customs agency is preparing a system to process refunds within 45 days, with interest, without requiring importers to file individual lawsuits 

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• Senate Democrats introduced legislation to prioritize small businesses and working families over large corporations in the refund process 

  Several U.S. states are demanding refunds for tariffs deemed illegal by the Supreme Court:

• California Governor Gavin Newsom called the tariffs an “illegal cash grab” and demanded immediate refunds with interest, stating, “Time to pay the piper, Donald.” 

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• Illinois Governor JB Pritzker sent Trump an invoice for nearly $9 billion — roughly $1,700 per family in the state — and threatened further legal action if unpaid 

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• Other states and businesses, including Costco, Alcoa, Bumble Bee, and Nintendo, have also filed lawsuits seeking refunds for unlawfully collected duties The U.S. is projected to spend $2.1 trillion on interest payments by 2036,  according to the Congressional Budget Office (CBO) 

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  . Interest costs are rising rapidly due to higher interest rates and growing debt, and are expected to become the third-largest federal expenditure by 2028 — overtaking Medicare (net of offsetting receipts) 

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  . In 2026, interest payments are projected to total $1.039 trillion, already larger than most federal programs except Social Security and Medicare 

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  . The CBO forecasts net interest payments will reach $12.9 trillion over the 2025–2034 period, climbing to 4.1% of GDP by 2034 

  6The economic and human costs of the conflict in Gaza and the broader Middle East are staggering. Israel’s war on Gaza has cost approximately $112 billion since October 2023, including $77 billion in direct defense spending, while the U.S. has provided over $21.7 billion in military aid to Israel during the same period 

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  . The human toll includes over 72,000 Palestinian deaths, tens of thousands of injuries, and widespread destruction of infrastructure, with the UN estimating $70 billion needed for reconstruction 

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  . Additionally, the psychological and social damage to Gaza’s youth may have long-term consequences for regional stability The U.S. has already spent over $11.3 billion in the first six days of the conflict, with the true cost likely higher due to factors like force deployment, medical expenses, and aircraft replacement 

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  . Iran has also suffered extensive damage, with over $2.3 billion spent on a single missile barrage in October 2024 and widespread destruction across 21 provinces, including critical infrastructure such as airports, energy facilities, and nuclear sites 

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  . The war has led to significant human casualties, with at least 610 Iranian civilians killed and over 4,700 injured, along with the deaths of key personnel including senior military commanders and nuclear scientists

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