Judge rules companies are entitled to refunds for Trump tariffs overturned by the Supreme Court
Key Points:
- A federal judge in New York ruled that companies who paid tariffs struck down by the Supreme Court last month are entitled to refunds, marking a setback for the Trump administration.
- The Supreme Court had declared the tariffs unconstitutional, ruling that the president cannot unilaterally impose tariffs as taxation power belongs to Congress.
- Judge Richard Eaton ordered U.S. Customs to stop collecting the invalid tariffs and to recalculate duties without them for goods already processed, clarifying the refund procedure.
- The government collected over $130 billion in these tariffs and may owe up to $175 billion in refunds, though Customs faces challenges in managing a mass refund process.
- The ruling followed a case by Atmus Filtration and aligns with a recent federal appeals