A court ruled Trump's tariffs unconstitutional, and the roughly $100 billion refund is going to big corporations instead of the American shoppers who actually footed the bill.

• Courts struck down the tariffs, forcing the government to pay back the money it collected.
• Trump claimed China and other countries paid the tariffs, but US consumers paid them through higher prices.
• The refund is flowing to companies like Amazon and Apple — many of which donated to Trump — while regular buyers get nothing.
• Firms passed the tariff costs straight to shoppers, so prices rose sharply after "Liberation Day" while those same firms stayed highly profitable.
• Costco stands out for pledging to hand its tariff refunds back to members.

Outlook: With refunds landing in corporate pockets, expect growing anger to push more voters toward populist-left candidates.