• The Supreme Court ruled on February 20, 2026 that President Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unconstitutional, meaning they were illegally imposed¹².
• The government collected approximately $134 billion from these challenged tariffs as of mid-December 2025, and estimates of the total IEEPA tariff revenue collected range from about $166 billion to over $170 billion—well below $300 billion³⁴¹.
• The $300 billion figure was a projection by Treasury Secretary Scott Bessent in mid-2025 for potential total tariff revenue by year-end, not the actual amount collected from illegal tariffs⁵⁶.
• Total customs duties across all tariffs in calendar year 2025 reached $264 billion, which still falls short of $300 billion and includes legal pre-existing tariffs alongside the illegal IEEPA duties⁴.
• Economic analyses show that American importers and consumers ultimately bore roughly 96% of the tariff costs, confirming the financial burden fell on Americans⁷.

Overall validity: 95%

1. Supreme Court rules that Trump’s sweeping emergency tariffs are illegal | CNN Politics
2. What the Supreme Court's tariff ruling changes, and what it doesn't | PIIE
3. Sore Losers at the Supreme Court: The Government Doesn’t Want to Pay Back Unlawful Tariff Money After All | Cato at Liberty Blog
4. Tracking the Impact of the Trump Tariffs & Trade War - Tax Foundation
5. Bessent: Trump’s tariffs generate record revenue, could hit $1 trillion annually
6. US could collect $300 billion in tariff revenue this year, Treasury chief says
7. Americans Pay 96% of Trump’s Tariffs: Analysis | The Fiscal Times