Unlawful Tariffs Cost Businesses Billions, Demand for Refunds Grows
Businesses impacted by unlawful Trump-era tariffs face a lengthy battle to recoup billions in overpayments, as the government drags its feet on refunds and interest costs mount.
Unlawful Tariffs Cost Businesses Billions, Demand for Refunds Grows
It's been two weeks since the Supreme Court blocked Donald Trump's emergency tariffs, but an estimated 300,000 US businesses still have no idea if or when they will receive refunds. Economists have estimated that more than $175 billion was unlawfully collected, and the US could end up owing substantially more than that the longer the refund process is dragged out, since the US must pay back daily interest on the funds. According to the Cato Institute, a libertarian think tank, a conservative estimate showed that
Source: Ars Technica
