Court move clears path for massive US tariff refunds after Supreme Court ruling

A US appeals court fast-tracked the refunds dispute after the Supreme Court ruled IEEPA cannot authorize Trump-era tariffs, potentially forcing the Treasury to refund roughly $130-175 billion (€110-150b) to importers; thousands have filed suits and the Court of International Trade must establish a framework for what could become the largest tariff-refund operation in US history, with refunds not paid to EU firms but providing indirect relief to EU exporters; the process is likely to be lengthy and costly, possibly taking years and incurring interest costs, and the administration briefly imposed a new 10% tariff under Section 122 afterward.