Possibility grows for US importers to receive $166 billion in total tariff refunds
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View chart & analysis → - 1Class action representatives have applied to the US Court of International Trade for a remedial order to refund tariffs to more than 330,000 importers.
- 2As of August, more than $115 billion has already been refunded to US companies.
- 3The Trump administration is contesting this, arguing that the Customs and Border Protection lacks the authority to recalculate or refund funds without a court order.
So what's the key point?
US importers have applied to the court to get back the tariffs they paid. Since over $115 billion has already been refunded in some cases, this could involve a large amount of money for importers.
Source Fortune · View original ↗
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