US Importers Closer To Getting $166B In Tariff Refunds

US Importers Closer To Getting $166B In Tariff Refunds

Yahoo Finance reports: U.S. importers could be one step closer to automatically receiving all of the $166 billion in tariff refunds following the Supreme Court’s ruling against the levies imposed under the International Emergency Economic Powers Act (IEEPA). Class counsel in a tariff refund class action against the Trump administration filed a motion in the … The post US Importers Closer To Getting $166B In Tariff Refunds appeared first on Joe.M…

Trump’s Supreme Court defeat comes back to haunt him in $166 billion fight

After losing his fight at the Supreme Court over his emergency tariffs, Donald Trump faces a legal battle that could require his administration to refund all importers who paid those tariffs, not just those who sued.On Tuesday, lawyers representing more than 330,000 importers of record asked the U.S. Court of International Trade to issue a relief order to refund all the money the government has collected under the International Emergency Economi…

Despite Trump administration’s efforts to limit tariff refunds, American importers are one step closer to receiving $166 billion in universal rebates

Class counsel in Freestyle World, Inc. v. United States filed a relief motion that would automatically return money collected from the levies to all eligible importers.

Importers ask court to force $166 billion in tariff refunds for all

Class counsel Lawrence Friedman, Elizabeth Cabraser and Nicholas Diamand want the trade court to refund all 330,000 importers that paid IEEPA duties, with interest. Roughly $42 billion or less is still owed, and the Justice Department has until December 9 to respond.