NASHVILLE, TENN. (RFD NEWS) — After months of legal back and forth, including a Supreme Court battle, tariff refunds could begin going out this week.
More than 75,000 businesses had reportedly applied for refunds as of last month after the Supreme Court struck down the president’s use of emergency tariffs.
The White House says it plans to appeal the ruling.
U.S. Customs told the Court of International Trade it was targeting this week to begin issuing payments. Current estimates indicate the federal government could be forced to return more than $150 billion to importers.
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March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
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