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Trade court orders tariff refunds in setback for Trump administration

​ Trade court orders tariff refunds in setback for Trump administration. 5 hours ago. Danielle KayeBusiness reporter. Getty Images. A federal judge has cleared the way for thousands of businesses to receive refunds for tariffs that the Supreme Court struck down last month.. The US Court of International Trade on Wednesday ordered Customs and Border Protection to issue refunds for levies US President Donald Trump introduced last year under the International Emergency Economic Powers Act (IEEPA).. “All importers of record whose entries were subject to IEEPA duties are entitled to the benefit” from the high court’s ruling, Judge Richard Eaton wrote.. The payment process remains murky. But the trade court decision marks a setback for Trump, who has moved to replace the import taxes and bemoaned the prospect of refunds.. The ruling was specifically on a case brought by a filtration company in Tennessee, Atmus Filtration, but the judge said he will be the only one to hear cases about refunds.. US Treasury Secretary Scott Bessent said the US was “likely” to implement a 15% global tariff this week, up from 10%, following conflicting statements from President Donald Trump about the new rate. It is intended to replace the IEEPA tariffs struck down by the Supreme Court.. The Trump administration brought in an estimated $130bn (£97bn) from tariffs imposed on most goods imported into the US through IEEPA.. Companies including the global transportation and postal firm FedEx have filed lawsuits seeking full refunds of the tariffs.. The White House did not immediately respond to a request for comment.. The administration has been facing growing claims from firms who had previously paid the tariffs the Supreme Court struck down.. Dan Anthony, with We Pay the Tariffs, a small-business coalition formed to seek refunds, called the decision a “victory” in a statement.. “American small businesses have waited long enough. A full, fast, and automatic refund process is what these businesses are owed and anything less is unacceptable,” he said.. Significant questions remain about what US import tax policies will look like going forward.. Last April, Trump announced “Liberation Day” tariffs on dozens of countries, with rates starting at 10% and climbing toward 50% in some cases.. The duties kicked off a flurry of trade negotiations as countries pushed to secure lower rates in exchange for promises of investment and other changes.. The US Supreme Court’s judgement struck those down last month, as well as some the administration had previously announced on goods from Mexico, Canada and China, citing emergency powers.. Higher tariffs likely this week, says US Treasury. Trump lashes out at Supreme Court justices over tariffs ruling. How will Trump’s new global tariffs work and what’s next?. US Supreme Court. Trump tariffs. Donald Trump. United States. Trade  

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BBC News World

Live Updates: Starmer Was Warned About Risk of Appointing Friend of Epstein As Ambassador

​ British officials told Prime Minister Keir Starmer of Peter Mandelson’s close ties to Jeffrey Epstein before Mr. Mandelson was appointed U.S. ambassador.  

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BBC News World

Live Updates: 32 Countries to Release 400 Million Barrels of Oil to Help Shore Up Supply

​ The Strait of Hormuz, a conduit for a fifth of the world’s oil, is all but closed as war in the Middle East expands. A British agency said three ships were hit by unidentified projectiles in or near the strait.  

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BBC News World

World Heritage Sites Hit in Airstrikes on Iran

​ Revered cultural icons that have withstood the upheavals of history are being hit hard in the war being waged by Israel and the United States.  

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French aid worker among three killed in drone strikes in rebel-held DR Congo city

​ Witnesses say drone strikes hit a residential building frequently occupied by expatriates and aid workers in Goma.  

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BBC News World

Countries agree to record release of emergency oil reserves as prices surge

​ The G7 group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began  

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