The Latest on Potential IEEPA Tariff Refunds
On November 5, 2025, the Supreme Court of the United States (SCOTUS) held oral argument for Trump v. V.O.S. Selections, Inc., regarding the legality of the International Emergency Economic Powers Act (IEEPA). Since the oral argument, companies, including giants such as Costco, have filed their own preemptive lawsuit in the Court of International Trade (CIT) to preserve their rights to potential refunds.
The following key question is when the SCOTUS will issue its decision. The normal term of the SCOTUS starts on the first Monday of October and ends in late June or early July. Below is a calendar of the current SCOTUS term.
After oral argument, the Justices always hold a Justices’ Conference to discuss the case among themselves. During the Justices’ Conference, the Justices will cast their preliminary votes, as well as assign which Justice will write the majority, concurring, or dissenting opinion. These draft opinions will be circulated as Justices seek to bring others to their position.
All opinions of the SCOTUS are normally issued by the last day of the SCOTUS term. However, there are no rules governing when decisions and opinions must be issued. According to the U.S. Courts website, “{t}ypically, decisions that are unanimous are released sooner than those that have concurring and dissenting opinions. While some unanimous decisions are handed down as early as December, some controversial opinions, even if oral argument is held in October, may not be handed down until the last day […]
