US EditionIf 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 ruled this year that President Trump's largest import tariffs imposed under the 1977 IEEPA law are illegal.
- The tariffs targeted nearly every country following Trump's declaration of a national emergency due to massive trade deficits and were imposed without Congress approval.
- The U.S. Court of Appeals upheld the rulings but paused enforcement until mid-October to allow the administration to appeal to the Supreme Court.
- More than $72 billion in tariffs have been collected through August 24, and legal experts say refunds could involve hundreds of billions, but only importers who paid tariffs would be eligible.
- If the Supreme Court strikes down the tariffs, the government could owe large refunds, leading to a complex administrative effort that Trump warns could 'literally destroy the United States of America.
22 Articles
22 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…
Here's who would get refunds if Trump's tariffs get thrown out
Two courts have now ruled that the biggest and boldest of President Trump’s tariffs are illegal, setting the stage for the Supreme Court to decide if they will remain in place. If the high court does strike them down, 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.According to Trump, that’s a lot of money.RELATED: Trump’s sweeping tariffs …
Coverage Details
Bias Distribution
- 84% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
