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If Trump’s Tariffs Are Ruled Illegal, Businesses Expect Refund Chaos
The Supreme Court may rule Trump’s tariffs illegal, risking refunds of up to $165 billion and creating complex challenges for importers and customs officials.
- This year, the prospect of mass refunds has unsettled businesses and markets as the Supreme Court may require repayment of the bulk of $165 billion in customs duties to U.S. companies and importers.
- Legal rulings in lower courts found the tariff authority lacking as two lower federal courts ruled President Donald Trump exceeded the International Emergency Economic Powers Act; Mr. Trump warned of disaster if overturned.
- Treasury-Issued paper checks are likely to be the default repayment method, with U.S. Customs and Border Protection’s refunds sent only to approved domestic banks in dollars, forcing foreign importers to rely on international mail or customs brokers for repayment.
- Some importers say they are writing off refunds, and after surprise tariff bills from $221 to $17,000, several recently halted overseas shipments, experts warn many may need to file lawsuits.
- Without major process changes, agencies say the system won’t be ready to issue mass refunds, and the administration is expected to resist returning funds, considering policy uses or reimposing levies.
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US would face $165bn bill if court overturns president Donald Trump’s tariff policy
US president Donald Trump has warned of disaster if the Supreme Court overturns his signature tariffs. For starters, it would unleash a bureaucratic nightmare involving reams of refund paper cheques.
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If Trump’s tariffs are ruled illegal, businesses expect refund chaos
President Donald Trump has warned of disaster if the Supreme Court overturns his signature tariffs. For starters, it would unleash a bureaucratic nightmare involving reams of refund paper checks.
If Trump's tariffs are ruled illegal, businesses expect refund chaos
President Donald Trump has warned of disaster if the Supreme Court overturns his signature tariffs. For starters, it would unleash a bureaucratic nightmare involving reams of refund paper checks. Should Trump’s country-based tariffs be deemed ...
Coverage Details
Total News Sources16
Leaning Left2Leaning Right4Center4Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
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