Navarro: Supreme Court Ruling on Tariffs 'Best Possible Outcome' for Administration

Navarro: Supreme Court ruling on tariffs 'best possible outcome' for administration

Peter Navarro said Wednesday that the Supreme Court striking down the bulk of President Trump's emergency tariffs imposed under the International Emergency Economic Powers Act (IEEPA) was the “best possible outcome” for the administration. “Even though we lost the IEEPA tariffs, it was the best possible outcome because the justices ratified and affirmed the use...

IEEPA tariffs overturned: Why billions in refund claims may now be at stake for importers

Passport reports the Supreme Court ruled IEEPA tariffs unconstitutional, opening the door for importers to pursue $166 billion in refunds, though the process is complex.

NC Attorney General Jeff Jackson calls for tariff refunds

RALEIGH, N.C. (News Release) – After the Supreme Court ruled the federal government’s tariffs unlawful last month, Attorney General Jeff Jackson is calling on Congress to refund businesses and consumers for increased costs. Those tariffs imposed $3.5 billion in costs on North Carolina businesses and consumers. “North Carolina’s businesses and families paid $3.5 billion for tariffs that a court has now ruled were illegal,” said Attorney General J…

What businesses need to know about the tariff refund scramble

The U.S. Supreme Court’s Feb. 20 ruling in Learning Resources v. Trump dealt a major blow to the Trump administration’s tariff regime, holding that the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose sweeping tariffs. The decision set in motion what could become the largest refund effort in customs history, with an estimated $175 billion in tariff collections potentially at issue. So, if your bus…

Supreme Court tariff ruling could return billions to small businesses

A recent Supreme Court ruling declaring certain tariffs illegal could mean billions in refunds for small businesses and importers, according to Tom Sullivan, Vice President of Small Business Policy at the U.S. Chamber of Commerce. Sullivan explains how the decision impacts small business owners and offers guidance on navigating the refund process on today’s episode of Business Trends Today. Over the past year, tariffs have posed a significant bu…