U.S. Court Takes 1st Steps Toward Ordering Tariff Refunds
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The Supreme Court struck down Trump’s IEEPA tariffs. Billions in tariff refunds may be coming — here’s what importers need to know to act fast and recover funds.
“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.
The Trump administration is attempting to delay the process for repaying importers for duties the Supreme Court struck down last month.
The Trump administration is facing mounting pressure to issue tariff refunds after the Supreme Court ruling, as any delays cost taxpayers $700 million per month
The U.S. government must also reimburse businesses for the interest they paid on tariffs recently struck down by the Supreme Court, according to the Cato Institute.
American whiskey exports to Canada collapsed 65% after trade war tariffs, dropping from $250M to $89M as Canadian provinces block U.S. spirits sales.
By Nicholas P. Brown and Tom Hals NEW YORK, March 4 (Reuters) - The day the U.S. Supreme Court struck down the tariffs that had cost Ian Rosenberger's backpack company Day Owl tens of thousands of dollars,
FedEx has pledged to refund customers after filing a lawsuit against the Trump administration in response to the Supreme Court's decision overturning the IEEPA tariffs.