Trump administration refunds $100bn in tariffs struck down by Supreme Court
Summary
President Donald Trump’s administration has refunded about $100 billion in tariffs after the US Supreme Court ruled that many of these tariffs were imposed beyond the president’s legal authority. The court found that Trump could not use emergency powers under a 1977 law to set these tariffs, leading to refunds to importers.Key Facts
- The Trump administration collected about $166 billion in tariffs before the Supreme Court ruling.
- The Supreme Court ruled 6-3 that Trump exceeded his power using the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs.
- The tariffs affected more than 90 countries, including Canada, Mexico, and China.
- Customs and Border Protection reported returning over three-quarters of $128.68 billion earmarked for refund.
- Some tariffs under a different law (the 1962 Trade Expansion Act) remain in effect, such as those on steel and automobiles.
- The US Court of International Trade ordered refunds to companies impacted by the invalidated tariffs in March.
- President Trump has announced new tariffs on imports related to forced labor issues recently.
- A group of 25 US states filed a legal challenge against the newest tariffs, saying they aim to restore the struck down duties.
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