Trump plans to appeal order allowing all importers that paid struck-down tariffs to seek refunds
Summary
A U.S. federal judge allowed all companies that paid certain import tariffs to claim refunds after the Supreme Court ruled President Trump did not have authority to impose these tariffs. The government is planning to appeal this order, which may slow down the refund process that has already returned billions of dollars to businesses.Key Facts
- The Supreme Court decided President Donald Trump lacked the constitutional power to impose higher import taxes on many goods.
- U.S. Customs and Border Protection started refunding companies that paid these tariffs in early May 2024.
- So far, the government has accepted refund claims totaling $85 billion and issued $20.6 billion in refunds.
- A federal judge ordered that all importers who paid the struck-down tariffs can seek refunds, not just those who sued.
- The Department of Justice is appealing this order, arguing that only some companies should get refunds initially.
- The judge scheduled a hearing for June 9, 2024, to discuss speeding up the refund process.
- The government is resisting having the CBP Commissioner testify about the refund timeline.
- Some national retail chains, like Walmart, plan to lower prices using the tariff refunds.
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