Companies eye tariff refunds as US SC weighs matter

Companies are jostling for position in case the Supreme Court forces the Trump administration to refund billions in tariff revenue it has collected this year, according to reports. They are doing so without clarity on the best approach and amid plenty of uncertainty about whether any decision to invalidate President Trump’s signature “blanket” tariffs and demand the money be paid back is even in the offing. Business-world preparations include pre-emptive lawsuits against the Trump administration, preparing petitions to the US Customs Department, as well as simply double-checking bills to make sure they know exactly what they paid. All to secure a spot in a tariff refund line that may or may not ever queue up. The work began in earnest after Supreme Court arguments in early November saw swing justices pose sceptical questions about the President’s defence of his tariff powers, as per a report. 

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