US EditionUS judge to meet parties on Trump-tariff refunds in closed-door 'settlement conference'
Judge Eaton leads talks to establish a refund process for $175 billion in tariffs struck down as unlawful, affecting over 300,000 importers, with costs accruing $23 million daily in interest.
- On Friday, Judge Richard Eaton of the U.S. Court of International Trade will meet privately in a closed settlement conference to design refunds of up to $175 billion in unlawfully collected tariffs.
- Following the Supreme Court ruling last month, Atmus Filtration Inc, plaintiff, reported paying $11 million in illegal tariffs, prompting a refund process overseen by Judge Richard Eaton.
- CBP must implement refunds using its internal process, requiring manual review of tens of millions of tariff payments, and Eaton expects CBP lawyers to address paperwork on 79 million shipments.
- The U.S. Court of Appeals for the Federal Circuit denied a delay request, and Judge Eaton ordered CBP to start reimbursing importers, with estimates that delays cost about $23 million per day in interest to the Treasury.
- Small businesses face immediate administrative strain, the Penn Wharton Budget Model projects future revenue could fall nearly by half, and major firms like Bausch & Lomb, Dyson, FedEx, and L'Oreal have sued for refunds.
53 Articles
53 Articles
A U.S. federal judge granted a moratorium to the federal customs agency to begin repaying the money collected for the tariffs cancelled by the Supreme Court, while the administration completes the technical procedures for carrying out the return.The decision, consulted by the AFP, comes after the customs agency pointed out, first thing in the day, its technical impossibility to start the reimbursement ordered by a federal court on Wednesday.
The Virginian Pilot
Customs and Border Protection official says new process for tariff refunds could be ready in 45 days
By MAE ANDERSON, AP Business Writer NEW YORK (AP) — Government officials are getting closer to ironing out a refund process for the hundreds of thousands of companies that paid tariffs now deemed illegal. Related Articles Public Records: Ice cream business to open in Portsmouth; Gloucester shopping center sold Beyond Meat drops the ‘Meat’ from its name as it expands to plant-based drinks and snacks …
Trump-tariff refund system will be ready in 45 days as feds try to hammer out deal
The US customs agency is readying a system within 45 days to process refunds on President Trump's tariffs that were struck down as illegal and importers will not have to sue for them, a customs official said in a court filing on Friday.
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