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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump administration signals it will offer broad tariff refunds. That could mean millions for companies.
Last edited Mon Apr 6, 2026, 03:25 PM - Edit history (1)
The Trump administration's position on refunding all tariffs declared illegal by the Supreme Court has been slow to take shape. But a new court filing this past week seemed to acknowledge that a wide array of duties will eventually be eligible for refunds.
At issue is the difference between what are called liquidated and unliquidated tariffs.
This legal distinction is crucial for importers and could be worth millions of dollars as companies seek to claw back duties illegally collected under the International Emergency Economic Powers Act of 1977 (IEEPA).
The governments filing this past week also described continued headway on a four-step process that, once up and running, could take about 45 days to review and process applications.
https://finance.yahoo.com/markets/commodities/article/trump-administration-signals-it-will-offer-broad-tariff-refunds-that-could-mean-millions-for-companies-124645811.html
On edit:
Millions of Americans paid billions in tariffs later ruled illegal and they wont see a dime back
Low- and Middle-Income American families, and small businesses, accounting for well over half of our countrys population, paid out a disproportionate share of their incomes to the government due to IEEPA Tariffs recently struck down by the Supreme Court. Total payments amounted to roughly $175 billion. Now these families and small businesses face the prospect of receiving no rebates. Thus, the system is regressive for them on both the front and back ends the burden of the original high tariffs and now the denial of rebates to compensate them.
As the result of the so-called Liberation Day tariffs announced April 2, 2025, retail prices rose by between 6 and 7 percentage points, costing the average American household between $400 and $600 and many considerably more. For low-income families especially, this was a painful gouge into their incomes.
One might imagine that in the interest of fairness, rebates would automatically go to these families and small businesses. That is not the case. The way our system works, rebates go ONLY to importers who DIRECTLY paid the tariffs to the Customs and Border Protection agency (CBP) in the first place. The CBP estimates that 330,000 American importers actually paid the tariffs.
In contrast, 300 million-plus Americans assumed most of the burden virtually every time they went to the grocery store, bought a car, or purchased a pair of shoes, a dress, or a home appliance. Small businesses lost as well because most of the costs of the tariffs paid by larger importers or wholesalers were passed on to them. Most consumers and small businesses have NO clear recourse to getting any of their money back.
https://finance.yahoo.com/economy/policy/articles/millions-americans-paid-billions-tariffs-132421830.html
Miguelito Loveless
(5,768 posts)the Child Rapist doesn't give money back.
regnaD kciN
(27,652 posts)FoxNewsSucks
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Ritabert
(2,472 posts)Response to Yo_Mama_Been_Loggin (Original post)
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Mme. Defarge
(9,029 posts)PAS!!! Hélas.
miyazaki
(2,657 posts)Not!