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What to Actually Buy (or Skip) Before the Aug. 19 Tariffs Hit

  Pulished August 15, 2026 Four days out, the "stock up now" advice making the rounds is mostly aimed at exporters, not shoppers. Here's what genuinely moves the needle on your car, wine, and grocery bill — and what's just noise. At 12:01 a.m. ET on Wednesday, a new round of U.S. tariffs is set to hit roughly $20 billion worth of Canadian exports — dairy, alcohol, and vehicles among them — unless Ottawa and Washington reach a deal first. As of this weekend, the signals are genuinely mixed. Canada's chief trade negotiator, Janice Charette, told a government advisory group Friday that there's still "a significant amount of work to do," with talks expected to run through the weekend. At the same time, industry executives following the negotiations told the Washington Post the two sides are inching closer to an arrangement that would pair Canadian concessions on autos, alcohol, and dairy with commitments on energy, defence, and critical minerals — in e...
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U.S. Firms Face Growing Uncertainty as Government Rejects Refunds on Illegal Tariffs

 

                Container ships at APM Terminals at the Port of Los Angeles, California, U.S., March 4, 2026.


U.S. Companies Blocked From Recovering Tariffs Ruled Illegal by Supreme Court

The U.S. government is refusing to refund billions of dollars in tariffs that the Supreme Court recently declared unlawful, according to reporting from the Financial Times. Customs officials have denied multiple requests from American companies seeking reimbursement for duties imposed under emergency powers used by President Donald Trump. 

The Supreme Court’s ruling last month invalidated the tariffs but did not outline a process for issuing refunds, leaving importers in limbo. As a result, businesses are facing mounting uncertainty and are increasingly turning to the courts to resolve disputes. The government had collected more than $130 billion in payments under the now‑invalidated tariff regime, a central pillar of Trump’s trade policy. 

While a federal judge recently affirmed that companies are legally entitled to refunds in at least one case, the broader lack of guidance has created a patchwork of outcomes and intensified frustration among affected firms. 


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