A massive government payout to businesses is underway after the Supreme Court struck down a set of federal tariffs. The government had collected an estimated $166 billion under these tariffs before they were struck down. Businesses such as Walmart, Apple, Target, and Nike have received significant refunds, with Walmart receiving $2.9 billion and Apple receiving $2.2 billion.

Some retailers, including Walmart and Target, plan to roll their refunds into price cuts. For example, Walmart has implemented over 11,000 price cuts this quarter.

Further details on the tariff refunds and their impact on consumers are available from the source.