"That's after Trump attempted to use the International Emergency Economic Powers Act for the first time as a vehicle for imposing tariffs, when he unveiled his "Liberation Day" duties last year. The tariffs were quickly challenged in court. While arguing the case last spring, Justice Department lawyers acknowledged that if the tariffs were deemed unlawful, then the government would issue refunds to the plaintiffs."
"He replied that it's up to the courts, noting that the U.S. Court of International Trade has previously taken a strong hand in determining the process for refunds. "So it's a matter for the courts," Greer added. "They created the situation, and we'll follow whatever they say to do.""
"On Friday, the Supreme Court upheld lower-court decisions that the IEEPA tariffs were indeed illegal, prompting Trump to announce a fresh set of global levies under a different law. Treasury Secretary Scott Bessent, who indicated last year that a ruling against the administration would entail refunds, also deferred to the lower courts."
"More than $130 billion in revenue collected under the IEEPA tariffs is at stake. A New York Fed study found that U.S. consumers and companies have paid 90% of Trump's import taxes, despite his claims that other countries are shouldering the burden."
The Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act and provided no instructions on refund procedures. Administration officials said lower courts must determine refund processes, with U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent saying they will follow court directions. Trump had used IEEPA to impose "Liberation Day" tariffs last year, which were promptly challenged in court. Justice Department lawyers previously acknowledged that unlawful tariffs would lead to government refunds to plaintiffs. More than $130 billion collected under the IEEPA levies is at stake. A New York Fed study found U.S. consumers and companies bore 90% of the import-tax burden.
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