Trade court orders tariff refunds in setback for Trump administration
The US Court of International Trade on Wednesday ordered Customs and Border Protection to issue refunds for levies US President Donald Trump introduced last year under the International Emergency Economic Powers Act. Kenya breaking news | Kenya news today |..
✨ Key Highlights
A U.S. Court of International Trade has ordered Customs and Border Protection to issue refunds for tariffs previously imposed by President Donald Trump under the International Emergency Economic Powers Act (IEEPA). This ruling follows the Supreme Court striking down these levies last month.
- The ruling allows for refunds to "all importers of record whose entries were subject to IEEPA duties."
- Key parties include the U.S. Court of International Trade, Customs and Border Protection, and President Donald Trump.
- The Trump administration had collected an estimated $130 billion from these tariffs.
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