Tariff refunds: A $166 billion question

At least 2,000 companies have sued the Trump administration in hope of landing refunds. They shouldn't bet on getting their money back anytime soon

Chen Mengtong/China News Service/VCG via Getty Images

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The Trump administration has waged a controversial war against Iran for the past three weeks. It’s still caught in the middle of a separate, high-stakes fight involving its signature policy: tariffs.

It’s been nearly a month since the Supreme Court issued its decision striking down the majority of President Donald Trump’s tariffs. Since then, the administration has been ensnared in a legal fight on whether it should return what’s been ruled as illegal tariff revenue back to the businesses that originally paid them. At least $166 billion in illegally-collected duties are at stake. 

At least 2,000 companies of all sizes have sued the Trump administration in hope of landing refunds — eventually. Some of them jumped in with lawsuits shortly after the Supreme Court nixed the tariffs, such as global shipping giant........

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