The Supreme Court invalidated key Trump-era tariffs, potentially requiring over $130 billion in refunds to U.S. importers.
A new analysis warns delayed repayments are accruing up to $700 million in interest monthly, adding billions to the taxpayer liability.
A federal appeals court recently rejected the administration’s request to delay the refund litigation process.
The White House defends the tariff strategy, citing economic benefits, but has acknowledged it will issue refunds if courts order them.
Hundreds of lawsuits from businesses, from small firms to major corporations, are now proceeding to determine the repayment mechanism.
The stakes of a judicial reversal
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