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   News alert: U.S. has refunded $100B in tariffs
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   About three-fifths of what was collected under IEEPA.
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               Thursday, February 19, 2026
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              <a data-linktext="The U.S. has refunded roughly $100 billion in tariffs struck down by the Supreme Court" data-linktype="Normal" style="color:#121721;text-decoration:none" target="_blank">
               The U.S. has refunded roughly $100 billion in tariffs struck down by the Supreme Court
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              The Trump administration has refunded approximately $100 billion in tariffs collected under the International Emergency Economic Powers Act before the Supreme Court struck down that authority in February, according to a court filing Tuesday. The sum represents about three-fifths of the nearly $166 billion CBP collected 
under IEEPA. The administration built a dedicated portal to handle the claims — but the scale of remaining work is substantial, with more than 330,000 importers and 53 million entries still in the pipeline.
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                              Read more on Quartz
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                     <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
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               Here's what you need to know
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                   <a data-linktext="Bezos jumps on Amazon's record rally to sell $4 billion in stock." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Bezos jumps on Amazon's record rally to sell $4 billion in stock.
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                  Amazon founder Jeff Bezos filed his intention to offload approximately 15 million shares after the stock's recent 20% 
upswing. Amazon's second-quarter results helped push the company's market value above $3 trillion for the first time.
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court order that would bar two former employees from sharing confidential information. Apple alleges that one of the employees pulled hardware files from a company laptop.
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                   <a data-linktext="U.S. states are suing Trump over his forced-labor tariffs." data-linktype="Normal" style="color:#17253D" target="_blank">
                    U.S. states are suing Trump over his forced-labor tariffs.
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                  Twenty-five states want the tariffs of 10% and 12.5% deemed unlawful and a full refund of all duties paid under the new provision. President Donald Trump's levies affect 60 trading partners and cover 99.4% of total U.S. imports.
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                   <a data-linktext="Shein is targeting an IPO valuation of up to $40 billion." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Shein is targeting an IPO valuation of up to $40 billion.
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                  The company's new target is far lower than its peak valuation of $98.2 billion from
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                   <a data-linktext="U.S. trade deficit
shrank in June thanks to falling imports." data-linktype="Normal" style="color:#17253D" target="_blank">
                    U.S. trade deficit shrank in June thanks to falling imports.
                   </a>
                  </strong>
                  Total imports dropped 1.8% to $388 billion, while the goods and services deficit narrowed by $4.4 billion to $73.3 billion. AI spending on computer accessories and semiconductors had pushed imports in May to a 14-month high.
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