A court decision could require the government to refund more than $175 billion in tariffs collected under a previous tariff policy, potentially including companies that did not seek refunds.
According to a recent decision by Judge Richard Eaton of the Court of International Trade, the administration must begin the process of refunding importers. More than 2,000 companies have filed lawsuits seeking to recover the tariffs they paid after the Supreme Court decision invalidated the Trump administration’s tariff policies. Judge Eaton scheduled a hearing for March 6 to address unresolved questions about how the refund process will work.
Zack Hadzismajlovic, head of McCarter & English’s Global Trade, CFIS, and Export Controls practice, said that the hearing could help determine the course of the refund process. “Tomorrow is a watershed day with regard to the path ahead,” he told The Center Square.” We will know a lot more with regard to how quick the process of refunds will be, or whether or not the government is going to try in every possible way to delay, deny and so on.”
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