"The Supreme Court only overturned some of President Trump's tariffs, not all of them. The Customs and Border Patrol say that they need about 60 to 90 days to kind of figure out whether you paid an illegal tariff or not."
"There's about $166 billion out there in refunds that are going to go to American businesses. But not just any business. It's actually the importers that are going to get that first."
"Trump raged against the Supreme Court's decision on Truth Social, writing, 'The court knew where I stood, how badly I wanted this victory for our country.'"
Tariff refunds will commence after a Supreme Court ruling deemed some of President Trump's emergency tariffs illegal. The ruling mandates the federal government to refund $166 billion in tariff revenue. The Customs and Border Patrol will take 60 to 90 days to determine which businesses paid illegal tariffs. Refunds will primarily go to importers, raising questions about whether retailers will receive any refunds for higher prices. Trump's response to the ruling expressed frustration, claiming it could lead to significant financial losses for the U.S.
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