#government-refunds

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#tariff-policy #supreme-court-ruling #tariff-litigation #supreme-court-decision #tech-industry
fromFortune
1 week ago

Trump's $175 billion illegal tariff revenue is now accruing interest, and refund delays could be costing American taxpayers $700 million a month | Fortune

Federal regulations outline that in the case of an overpayment for duties, including those determined to be illegal, those payments must be returned with interest. U.S. Customs and Border Protection (CBP) outlines this interest compounds daily at an annualized rate of 4.5% for overpayments more than $10,000 and 6% on overpayments less than that.
US politics
Intellectual property law
fromPatently-O
1 week ago

Forthwith: Federal Circuit Issues Mandates in V.O.S. Selections, Clearing the Way for $175 Billion Refund Reckoning

The Supreme Court ruled that the International Emergency Economic Powers Act does not authorize presidential tariff imposition, requiring the Federal Circuit to release its mandate for potential $175 billion in unlawful tariff refunds.
US Elections
fromGothamist
1 week ago

A NYC wine importer sued the Trump administration over tariffs and won. Now what?

A wine importer challenged Trump's tariffs in court and won a Supreme Court victory, but the ruling lacks enforcement mechanisms for refunds of $175 billion collected.
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