The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.
Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.
Never mind the consumers eh? WE are the ones most directly affected. Businesses lost nothing
plenty of businesses literally closed FYI
To avoid paying tarrifs
Well they just couldn’t compete and make profit. This would be akin to direct damages
Nobody else was given that option. WE all had/have to swallow it or starve. Shutting down and waiting on them to go away is not qualification for repayment since you didn’t pay. You voluntarily gave your business up. That deserves no reward
Nah not a lawyer but there’s precedent where illegal government policy can be held liable for business closing. The contract between a business and government vs citizen and government is very different and you conflate both for whatever reason.