UPDATE: A $166 Billion Refund – What Companies Need to Know About the Refund Process After the U.S. Supreme Court’s IEEPA Decision

UPDATE: A $166 Billion Refund – What Companies Need to Know About the Refund Process After the U.S. Supreme Court’s IEEPA Decision

Fallout from Learning Resources, Inc. v. Trump.Companies now have a clearer path to seek refunds following the U.S. Supreme Court’s recent decision invalidating more than $170 billion in tariffs assessed under the International Emergency Economic Powers Act (“IEEPA”). For background, read this article. While the Supreme Court’s majority opinion did not address refund mechanics, the U.S. Court of International Trade moved quickly to fill that gap…

FedEx, UPS vow to return tariff refunds to customers

Thousands of companies rushed to file claims after a refund system that was set up to allow companies to recover tariffs ​from the U.S. government went live last week, News.az reports, citing BBC. *** Parcel delivery giants FedEx (FDX.N), opens new tab and UPS (UPS.N), opens new tab said on Tuesday they would return any tariff refunds to customers ​as the U.S. government begins to return the illegally collected ‌levies. Thousands of companies ru…

Shipping Firms Seek Tariff Refunds After Supreme Court Ruling

Major shipping companies are moving quickly to claim refunds on tariffs after a U.S. Supreme Court ruling invalidated certain duties.