Now that the US Supreme Court has decided that Trump did not have the authorization for these broad tariffs!
"The ruling leaves open a massive question: refunds. As much as $175 billion has been collected under the struck-down tariffs, and trade attorneys warn the refund process could take months to years. The Court’s opinion was silent on how repayment should work."
"The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded. ...
As it turns out, convincing six Supreme Court justices that President Donald Trump overstepped his authority in imposing sweeping tariffs relying on emergency economic powers was the easy part. The hard part: Getting a clear answer on what happens to the tens of billions of dollars that US companies forked over after Trump jacked up tariffs on every global partner last year.
The Trump administration — both formally and informally — has promised to refund duties collected if the Supreme Court issued a ruling against them. But neither the administration nor any of the justices have specified exactly how it would work. ..."
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