Corporate America is lining up for refunds from President Donald Trump’s emergency tariffs after the US Supreme Court ruled they were illegal, with more than $130bn at stake.
The US Chamber of Commerce and the National Retail Federation were among the industry groups to immediately push for reimbursement for the billions of dollars in duties paid since Trump’s tariffs took effect last year.
The Supreme Court ruled in a 6-3 decision that the president overstepped his authority in using the International Emergency Economic Powers Act to place new tariffs on dozens of countries.
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