"The court struck down many of Trump's global tariffs that collected $130 billion over 10 months. Now more than 1,800 companies have filed lawsuits asking for refunds. Lawyers are predicting "asbestos level" litigation ahead."
"While major corporations like Costco, Barnes & Noble, and FedEx have resources to hire specialized trade lawyers, smaller businesses are left hoping the government voluntarily issues refunds."
"While government lawyers previously assured courts that companies could be "made whole through a refund, including interest," President Trump said they'll "end up being in court for the next five years.""
A Supreme Court decision invalidated Trump's global tariffs that generated $130 billion over ten months, prompting over 1,800 companies to file lawsuits seeking refunds. Large corporations like Costco, Barnes & Noble, and FedEx possess resources to hire specialized trade lawyers and pursue litigation, while smaller businesses lack comparable financial capacity and must rely on voluntary government refunds. The Trump administration has provided conflicting signals regarding refund timelines and procedures. Government lawyers previously assured courts that companies would receive full refunds with interest, yet President Trump suggested litigation could extend five years, creating uncertainty about resolution timing and payment mechanisms.
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