Judge Pushes Back Timeline for Tariff Refunds
U.S. Customs and Border Protection aims to save over 4 million hours with an automated system to refund $166 billion in tariffs invalidated by the Supreme Court.
- The Trump administration must report its plan to refund approximately $166 billion in tariffs struck down by the Supreme Court to the U.S. Court of International Trade by Thursday afternoon.
- U.S. Customs and Border Protection will need 45 days to develop a system to process the large volume of tariff refunds from emergency duties imposed under the 1977 International Emergency Economic Powers Act.
- More than 2,000 lawsuits have been filed by companies seeking refunds, and some states filed a lawsuit challenging the replacement 10% global tariffs under the Trade Act of 1974.
- Fertilizer suppliers are warned against price-gouging amid Iran's blockade of the Strait of Hormuz, which has delayed shipments and caused price spikes affecting farmers' spring planting season.
32 Articles
32 Articles
Judge Gives Federal Government More Time to Start Refunding $166 Billion From Tariffs
A federal judge on March 6 gave the Trump administration more time to start refunding about $166 billion in levies collected under the president’s global tariff structure that the Supreme Court recently invalidated. Judge Richard K. Eaton, who sits on the U.S. Court of International Trade (CIT), suspended the order he had issued earlier last week requiring the government to immediately begin the process of issuing refunds of duties implemented v…
‘Baked in’: The Supreme Court nixed many of Trump’s tariffs, but don’t expect prices to come down
The U.S. Supreme Court invalidated many of President Donald Trump’s tariffs last month, and a trade court ruled March 4 that companies and importers who paid those import duties are due an estimated $130 billion in refunds from the federal…
“We Want Our Money Back:” Two American Businesses Address Trump Tariff Chaos
Up to $175 billion in refunds could be owed to businesses after the Supreme Court ruled President Trump's global tariffs illegal last month. But for many small American companies, the damage has been done. Some owners are doubting whether they can really claim their money back. Debbie Wei Mullin, founder of Copper Cow Coffee, and Sarah LaFleur, CEO of M.M. LaFleur, speak to Michel Martin.
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