“Corporate America is lining up for refunds from President Donald Trump’s emergency tariffs after the US Supreme Court ruled they were illegal, with more than $130bn at stake,” the Financial Times reports.
“The US Chamber of Commerce and the National Retail Federation were among the industry groups to immediately push for reimbursement for the billions of dollars in duties paid since Trump’s tariffs took effect last year.”
“But analysts warned that it could take years for the government to return funds to businesses and said the process would be “handled case by case”, meaning not all companies would necessarily get money back.”
“’Any refunds will arrive gradually,’ said Shannon Grein at Wells Fargo. ‘Payments are expected to trickle in over months, if not years, and should be delivered directly to the importers who originally paid the tariffs.’”
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