South Asian News Network

Following the U.S. Supreme Court’s decision to overturn President Donald Trump’s extensive emergency tariffs, over $175 billion in U.S. tariff collections are now eligible for refunds.Penalties imposed by Trump, such as those under the International Emergency Economic Powers Act (IEEPA), were projected based on a forecasting model that was developed from the ground up and employs tariff rates by product and country.
Regarding the $175 billion in tariffs that could be reimbursed, the Supreme Court remained silent.