Not good news for those in favour of Tariffs today in the US.
Trade court orders tariff refunds in setback for Trump administration
A federal judge has cleared the way for thousands of businesses to receive refunds for tariffs that the Supreme Court struck down last month.
The US Court of International Trade on Wednesday ordered Customs and Border Protection to issue refunds for levies US President Donald Trump introduced last year under the International Emergency Economic Powers Act (IEEPA).
"All importers of record whose entries were subject to IEEPA duties are entitled to the benefit" from the high court's ruling, Judge Richard Eaton wrote.
The payment process remains murky. But the trade court decision marks a setback for Trump, who has moved to
replace the import taxes and bemoaned the prospect of refunds.
A trade court has cleared the way for businesses to receive refunds for tariffs that the Supreme Court struck down last month.
www.bbc.com
Judge Orders Government to Begin Refunding More Than $130 Billion in Tariffs
More than 2,000 lawsuits have been filed by companies in the court seeking to recoup their money after Supreme Court invalidated tariffs last month