Following the Supreme Court's decision to strike down President Trump's global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), administration officials are deferring to lower courts for guidance on tariff refunds.
U.S. Trade Representative Jamieson Greer stated that the courts created the situation and will determine the refund process. Treasury Secretary Scott Bessent echoed this sentiment, indicating that decisions could be weeks or months away.
Over $130 billion in revenue collected under these tariffs is at stake, with a New York Fed study suggesting U.S. consumers and companies bore 90% of the cost. While the government has a process for refunds in cases of error, trade lawyers anticipate the government may make it difficult for importers to reclaim funds, potentially forcing them to pursue legal action.
Justice Brett Kavanaugh, in his dissent, warned of a potential "mess" in the refund process.
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