The Supreme Court struck down Trump's tariffs. Now comes the hard work of issuing refunds
Associated Press News • • nation
Key Points:
- The Supreme Court invalidated President Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that the president lacked authority to enact such import taxes without Congress.
- The government has already collected $133 billion in tariffs now deemed unlawful, raising complex questions about how and when importers will receive refunds, with trade lawyers predicting a prolonged and complicated refund process.
- While companies are expected to eventually get refunds, consumers who paid higher prices due to tariffs are unlikely to be compensated, and legal battles over refund distribution and eligibility are anticipated to continue for years.
- Some states, including Illinois and Nevada, have formally requested refunds on behalf of their residents, signaling potential further legal and political pressure on the government to address the issue.
- The end
