Refunds on unlawful tariffs move forward after Supreme Court ruling

1 min read
Source: CBS News
Refunds on unlawful tariffs move forward after Supreme Court ruling
Photo: CBS News
TL;DR Summary

A federal judge in New York ruled that U.S. importers who paid tariffs invalidated by the Supreme Court are entitled to refunds, with the Court of International Trade handling the process; the ruling follows a February decision that the president lacked authority to impose the tariffs under IEEPA, and the government could owe as much as about $175 billion in refunds.

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