Tariffs Ruled Unlawful, but Refunds Remain Unclear
February 22, 2026
The Supreme Court struck down reciprocal tariffs, but refund eligibility
MATERIALS | Mar 20, 2025
➤ Cotton futures have stabilized in the 66-67 cents range since mid-March, rebounding from 2020 lows of 63 cents earlier in the month, in part due to expectations of stronger global consumption.
➤ Geopolitical factors have been exerting upward pressure on oil prices, however this is being balanced by traders expecting additional supply to enter the market after OPEC+ announced plans to increase production by 138K bpd in April, marking its first output increase since 2022.
➤ Wool has increased 88 AUD/100Kg or +7.63% since the beginning of 2025.
➤ Synthetic fiber and yarns prices face downward pressure from uncertain global demand and expectations of lower oil prices.
SOURCING & SUPPLY CHAIN
The Supreme Court struck down reciprocal tariffs, but refund eligibility
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