US Edition
If Trump's Biggest Tariffs Get Thrown Out, Companies Could Get a Refund - but Not Consumers
The appeals court invalidated Trump's use of the International Emergency Economic Powers Act for tariffs, potentially leading to refunds exceeding $150 billion to importers, with possible Supreme Court review.
- A federal appeals court ruled President Donald Trump exceeded his authority imposing sweeping tariffs and allowed them to remain until Oct. 14 while he seeks Supreme Court review.
- The administration cited the International Emergency Economic Powers Act as President Donald Trump invoked it this year to impose 50% duties on Brazil and India, threatening hikes on China up to 145%.
- American importers are scrambling to learn whether they will receive refunds on the more than $150 billion already paid, and companies may need experts to navigate complex bureaucracy, said Mike Short, president of global freight forwarding at C.H. Robinson.
- Legal advisers say the administration may change its legal basis for tariffs to avoid a lengthy court battle, while litigants seeking refunds have strong grounds, David Coale said.
- The Supreme Court could take up the case next month, but it historically does not always accept such disputes, leaving lower-court rulings intact.
59 Articles
59 Articles
Associated Press News
If Trump's biggest tariffs get thrown out, companies could get a refund - but not consumers
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.
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If Trump loses his tariff lawsuit, America may have to refund businesses more than US$200 billion
The majority of the sweeping tariffs U.S. President Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
By Elisabeth Buchwald, CNN Most of the sweeping tariffs that US President Donald Trump has imposed during his second term face a final litmus test that will determine whether he can continue to enforce them or if companies are eligible for massive refunds. That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled Friday that Trump illegally used the International Emergency Economic Powers Act (IEEPA) to impose s…
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