The tariff story has shifted from imposition to unwinding. After the Supreme Court struck down the IEEPA-based duties in February, Customs and Border Protection opened a refund portal in late April, with $166 billion at stake across 330,000 importers; small firms are finding the paperwork onerous. Trump has reimposed a 10% global tariff under other authorities, raised duties on Chinese EVs and batteries, and announced 25% tariffs on EU autos, while lifting Scotch whisky duties after the royal visit. A Kearney study finds imports rerouted through Asia rather than reshored. The USMCA review, due July 1, has turned adversarial.