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By Tom Hals March 6 (Reuters) - The U.S. customs agency is readying a system within 45 days to process refunds on U.S. President Donald Trump's tariffs that were struck down as illegal and importers will not have to sue for them,
In total, deficits post-ruling will be $2 trillion larger than they were before the Supreme Court decision.
According to the Cato Institute, a libertarian think tank, a conservative estimate showed that “$700 million in interest is added to the final bill every month that the government delays tariff refunds,
By Matthias Inverardi, Emma Rumney, Christoph Steitz and Elisa Anzolin DUSSELDORF/LONDON/MILAN, March 6 (Reuters) - Since the U.S. Supreme Court knocked down some of President Donald Trump's key tariffs,
When the Supreme Court struck down many of President Trump's tariffs, it left importers wondering how long they'd have to wait to get their money back. Hedge funds are offering to help out.
The S&P 500 was on track for double-digit earnings growth, with more than half of companies having reported Q4 results so far.
“The 120-plus-day delay the government just requested would cost taxpayers almost $3 billion in additional interest,” Cato’s experts wrote in their analysis. This request was blocked by the U.S. Court of Appeals for the Federal Circuit on Monday, but the administration nevertheless anticipates the matter lasting months or even years.
13hon MSN
Exclusive-US judge to meet parties on Trump-tariff refunds in closed-door 'settlement conference'
By Tom Hals March 6 (Reuters) - A U.S. judge will meet behind closed doors with government lawyers on Friday seeking to hammer out a process to refund up to $175 billion in illegally collected tariffs,