US Trade Court Orders Refunds for Tariffs Struck Down by Supreme Court
3 hours agoBusiness
41LENS
11 SourcesNashville, Tennessee, United States
TBNthebalanced.news

US Trade Court Orders Refunds for Tariffs Struck Down by Supreme Court

A US trade court judge ruled that companies which paid tariffs imposed under President Trump's emergency powers must receive refunds after the Supreme Court invalidated those tariffs last month. The ruling mandates Customs and Border Protection to process refunds, potentially totaling up to $175 billion. Judge Richard Eaton will oversee all related refund cases. While the refund process is expected to be complex and unprecedented in scale, the government may seek more time or appeal the decision. The tariffs were struck down as unconstitutional since tariff-setting authority lies with Congress.

Political Bias
7%89%4%
Sentiment
51%