US to issue first Trump tariff refunds around May 11 after Supreme Court ruling
Updated
Updated · Reuters · Apr 29
US to issue first Trump tariff refunds around May 11 after Supreme Court ruling
8 articles · Updated · Reuters · Apr 29
About 1.74 million accepted entries have been liquidated and are in the refund process, with payments to be issued by the U.S. Treasury.
The refund process, overseen by Judge Richard Eaton, could cover $166 billion in duties paid by over 330,000 importers on roughly 53 million entries.
The Supreme Court's February ruling declared the tariffs illegal under IEEPA, prompting the new CAPE process, while Trump criticized the decision and imposed a new 10% global tariff.
Could a government appeal halt the imminent $166 billion in tariff refund payouts to 330,000 importers?
With $166 billion in refunds pending, who will ultimately win the money: importers, suppliers, or consumers?
Beyond refunds, what are the irreversible economic impacts of the now-voided tariffs on U.S. businesses?
Millions of tariff claims are excluded from the first wave; when will these other businesses see their money?
How does a 1974 law justify the new global tariffs replacing those the Supreme Court just struck down?
Has the Supreme Court's ruling permanently weakened the President's power to impose tariffs without Congress?