US Edition
If Trump's Biggest Tariffs Get Thrown Out, Companies Could Get a Refund — but Not Consumers
The Supreme Court may require the federal government to refund over $72 billion in tariffs collected under the International Emergency Economic Powers Act, benefiting importers only.
- Two federal courts have determined that the largest import tariffs imposed by President Trump this year under the 1977 IEEPA are unlawful, and on September 3, the administration filed a petition for the Supreme Court to review the case.
- These tariffs, targeting imports from almost every country, were imposed after Trump declared massive trade deficits a national emergency.
- As of August 24, U.S. Customs and Border Protection had gathered more than $72 billion in these tariffs, and experts suggest that reversing the process could become the most extensive administrative undertaking ever undertaken by the U.S. government.
- Trade lawyer Luis Arandia explained that the responsibility for paying tariffs and duties falls on the importer of record, meaning only the companies that have directly paid these charges are eligible for refunds—not the consumers who may have faced higher prices.
- If the Supreme Court strikes down the tariffs, the government could be forced to repay fees, which Trump warned would “literally destroy the United States of America.
44 Articles
44 Articles
If Trump's biggest tariffs get thrown out, companies could get a refund — but not consumers
If the Supreme Court agrees and strikes them down for good, the federal government could have to pay back many of the taxes it’s already collected from companies that import foreign products into the United States.
President Donald Trump likes to brag about how much money the U.S. Treasury is raising thanks to the tariffs it has imposed on imports from almost every country in the world. "We have billions of dollars entering our country," Trump said on Wednesday. "If we did not have tariffs, we would be a very poor nation and we would be exploited by all other nations in the world, friends and enemies." But two courts have now ruled that tariffs are illegal…
If Trump’s tariffs are thrown out, companies could be refunded billions
President Donald Trump likes to boast about how much money the U.S. Treasury is raking in from the massive taxes—tariffs—he’s slapped this year on imports from almost every country in the world. “We have trillions of dollars coming into our country,” Trump said Wednesday. “If we didn’t have tariffs, we would be a very poor nation, and we would be taken advantage of by every other nation in the world, friend and foe.” But two courts have now rule…
Who benefits if US courts overturn Donald Trump's tariffs? It may not be common consumers...
President Trump's tariffs on imports face legal challenges, with two courts ruling them illegal. If upheld by the Supreme Court, importers may receive refunds totaling hundreds of billions, impacting the government's tax revenue and the Trump administration's financial plans.
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