With the Supreme Court's ruling overturning Trump's tariffs, the U.S. government could receive a potential tax refund of $130 to $175 billion or more.

This means:

- Reduced inflationary pressure
- Consumers regain some purchasing power
- Importers receive large refunds → higher profits
- GDP outlook could improve
- Stock markets tend to rise

Trade flows return to normal

The downside:

- The government loses over $130-175 billion in revenue
- The tax refunds mainly benefit companies, not guaranteed lower prices

In summary:

Tax refunds = short-term positive signal for the market.

Basically, it's a large-scale tax cut for importers.