The U.S. Supreme Court struck down Trump’s global tariffs

[Barnsley]

Something I'm still wrapping my head around, assuming the tariffs are invalid and they get reverted to a lower amount (eg 25% ->15%), corporates and the supply chains have already adapted their expenses and pricing to the higher tariffs. It seems unlikely they will adjust their pricing with the lower tariff, customer pays the same inflated price all the same, then who bags all that cash?

Indeed what is the push to reduce prices when the people are apparently paying the higher prices willingly if the media is to be believed.

There were so many "carve outs" for committments to USA also , who was even.paying them in the 1st place

 

[VictorCosg]

The Supreme Court blocked Trump’s broad global tariffs, saying he overstepped his authority-he needs Congress to impose them. Individual country-specific tariffs aren’t affected, and Wall Street reacted positively.

 

[hist78]

"Federal appeals court rejects Trump administration's push to delay start of tariff refund process after Supreme Court ruling"

Federal appeals court rejects Trump administration's push to delay start of tariff refund process after Supreme Court ruling

The Supreme Court ruled last month at President Trump did not have the authority to issue his sweeping tariffs under a federal emergency powers law.

www.cbsnews.com

 

[freshshine1]

The Trump administration had said it would issue refunds if the duties targeting nearly every U.S. trading partner around the world were ultimately found unlawful by the Supreme Court. The high court ruled in a 6-3 decision that a federal emergency powers law known as the International Emergency Economic Powers Act, or IEEPA, did not give the president the authority to impose tariffs.

The government had collected more than $130 billion from the tariffs by mid-December, and could ultimately be on the hook for refunds worth $175 billion, according to calculations by the Penn Wharton Budget Model.
But the Supreme Court offered no guidance on refunds; its decision did not even mention them. Now the U.S. Court of International Trade in New York will decide how the complicated refund process should proceed.

What are the chances that importers who sued for a refund actually gets their refund even over years of lawsuit.

US tariff lawsuits returned to trade court to determine next steps

A U.S. appeals court on Monday returned the lawsuits that led to most of President Donald Trump's tariffs being struck ‌down to the U.S. Court of International Trade, which could determine the process for refunding more than $130 billion to importers.

www.reuters.com

Federal court rejects Trump administration attempt to slow tariff refund process

The Justice Department had urged the Federal Circuit to hold off for 90 days after the Supreme Court struck down billions of dollars’ worth of tariffs. But the judges refused.

www.nbcnews.com