US EditionTariff Refunds Will Take a Long Time
4 Articles
4 Articles
Trump administration will allow companies to apply for tariff refunds
The Trump administration told a federal court on Thursday how it will refund companies after its sweeping “Liberation Day” tariffs were struck down by the Supreme Court last month. The Supreme Court ruled 6-3 last month that the sweeping global tariffs imposed using the International Emergency Economic Powers Act were unlawful, and a judge on the U.S. Court of International Trade later ordered refunds for all unlawfully collected tariffs shortly…
Tariff Refunds Will Take a Long Time
“As soon as the Supreme Court struck down President Trump’s steep global tariffs last month, a flood of U.S. businesses began to file lawsuits in the hopes of getting their money back,” the New York Times reports. “But there was a problem, or so the administration later said: It could take the government as many as 4,431,161 hours to manually process all of the refund requests.” “By its own count, there were more than 53 million entries for good…
The decision of the Supreme Court of the United States to declare the reciprocal customs duties imposed by Donald Trump illegal opened the way for a historic refund. However, Swiss companies must arm themselves with patienceBy cancelling the urgent customs duties imposed by Donald Trump, the Supreme Court of the United States caused a global earthquake on 20 February and inflicted a major setback on the US President. However, the High Court left…
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