The U.S. government is set to launch an online portal next week that lets businesses request refunds for tariffs deemed illegal by the Supreme Court. But payouts won’t be automatic, and legal experts said businesses could face other obstacles getting their money back. A federal agency, U.S. Customs and Border Protection (CBP), will boot up … Read more
NEWYou can now listen to Fox News articles! President Donald Trump on Thursday proclaimed that certain imported patented pharmaceuticals and related ingredients could face tariffs of up to 100%, framing the move as a national security measure and intensifying his push to bring drug manufacturing back to the United States. The proclamation creates a tiered … Read more
Judge Richard Eaton, on a little-known trade court, is pushing the administration to pay back illegally collected tariffs—and quickly Source link
The government told the judge its system isn’t capable of processing refunds for the $166 billion in tariffs it collected. Source link
While a judge’s decision has raised hopes, it could take months before money hits anyone’s bank account. Source link
NEWYou can now listen to Fox News articles! A group of two dozen state attorneys general sued President Donald Trump on Thursday in an effort to block his new 10% tariffs from taking force — a move that all but ensures Trump’s newly revived tariff regime will end up back before the federal courts for the … Read more
The federal government is estimated to owe American businesses up to $175 billion in tariff refunds after the Supreme Court struck down much of the Trump administration’s import duties last month. But the U.S. could end up owing considerably more money, according to a new analysis — in interest payments. Research from the Cato Institute, a nonpartisan … Read more
NEWYou can now listen to Fox News articles! EXCLUSIVE: LOUISVILLE, Ky. — A year after Canadian provinces yanked American whiskey from store shelves in a trade clash triggered by President Donald Trump’s tariffs, U.S. spirits exports have collapsed by nearly 70%, gutting what had been one of the industry’s most important overseas markets. In 2025, … Read more
The Court of International Trade, a specialty court that settles technical trade disputes, will determine whether and how refunds get issued. Source link
WASHINGTON — A federal court on Monday rejected the Trump administration’s attempt to slow the process of refunding billions of dollars’ worth of tariffs the Supreme Court struck down as illegal last month. The U.S. Court of Appeals for the Federal Circuit started the next phase in the refund process by sending it to a … Read more