Just two months after the U.S. Supreme Court decided President Donald Trump’s tariffs imposed globally were illegal, the process is beginning for businesses to obtain refunds. But even that has started with some difficulty.
Here’s what to know to be all caught up:
A tariff refund is money businesses and companies get back after paying tariffs on goods imported into the U.S. Trump imposed broad tariffs on imports, resulting in additional costs for businesses. That changed when the U.S. Supreme Court ruled 6-3 in February that the sweeping tariffs were illegal.
How did the U.S. Supreme Court justices reach their decision?
In a report from CBS News, the International Emergency Economic Powers Act “does not authorize the president to impose tariffs. The Supreme Court divided 6-3, with Chief Justice John Roberts delivering the opinion for the court.”
“(The International Emergency Economic…
