The Supreme Court struck down Trump's tariffs. Now comes the hard work of issuing refunds
ABC News
The Supreme Court on Friday struck down President Donald Trump’s biggest and boldest tariffs
WASHINGTON -- The Supreme Court on Friday struck down President Donald Trump’s biggest and boldest tariffs. But the justices left a $133 billion question unanswered: What's going to happen to the money the government has already collected in import taxes now declared unlawful?
Companies have been lining up for refunds. But the way forward could prove chaotic.
When the smoke clears, trade lawyers say, importers are likely to get money back — eventually. “It’s going to be a bumpy ride for awhile," said trade lawyer Joyce Adetutu, a partner at the Vinson & Elkins law firm.
The refund process is likely to be hashed out by a mix of the U.S. Customs and Border Protection agency, the specialized Court of International Trade in New York and other lower courts, according to a note to clients by lawyers at the legal firm Clark Hill.
"The amount of money is substantial," Adetutu said. "The courts are going to have a hard time. Importers are going to have a hard time.’’
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