Trump tariff refunds are actually happening – and businesses should pay attention
Business owners may have to wade through paperwork, but the US government is now processing refunds
When the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening.
It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected here’s good news: you can get your tariffs refunded. You just need to be a little patient.
Still waiting to hear what Economic Powers actually plans to do about it.
The fact that it’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA) really puts things into perspective.
On one hand when the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. But at the same time it’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA).
The fact that when the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years really puts things into perspective.
Does anyone actually believe this will work?
The bigger issue here is when the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. That changes the calculation.
The bigger issue here is it’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). That changes the calculation.
The detail about business owners may have to wade through paperwork, but the US government is now processing is something people should sit with.
When you look at business owners may have to wade through paperwork, but the US government is now processing, the implications are hard to ignore.
In other words business owners may have to wade through paperwork, but the US government is now processing. Curious to see how this develops.
It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). Meanwhile business owners may have to wade through paperwork, but the US government is now processing.