I follow a couple of sites and have seen lawyers/other professionals trying to plan on how to claim refunds on trump's illegal tariffs. trump and company committed to the court to refund any tariffs as a condition of the appeal of the first ruling. How such refunds will be handled is going to be fun to watch
https://news.bloomberglaw.com/in-house-counsel/billions-in-tariff-refunds-hang-on-litigation-outcome-explained
As lawsuits over the legality of Trump’s tariffs move through the courts, thousands of companies are waiting to find out whether the levies they’ve been paying will be refunded.
US Customs and Border Protection collected $46.9 billion in revenue based on 22 presidential actions between Jan. 20 and May 30, the agency said in its latest monthly update. A sizable portion of those funds could go back to companies if a court ultimately decides the tariffs were unlawful.
Trump cited a 1977 presidential emergency powers law as the legal basis of some of his key tariff measures—including duties on China, Canada, and Mexico levied in response to fentanyl trafficking and illegal immigration, and a nearly universal 10% global tariff. But no president has ever before imposed tariffs under that law, the International Emergency Economic Powers Act. Two lower courts have agreed with plaintiffs that the tariff measures overstep the authority granted in IEEPA, and the cases are now being appealed.....
Companies aren’t rushing to add their name to a lawsuit yet, in part because they are still well within the roughly year-and-a-half window for adjusting their tariff under normal procedure. But if the cases aren’t resolved by the time that window closes, “this point just gets really challenging,” Gamalski said.
Companies could ask Customs for an extension of the liquidation period, McAllister said.
In the meantime, attorneys are telling their clients to be prepared by using their customs data to calculate what they’re paying IEEPA tariffs on.
“If the opportunity comes up to join a class, if the opportunity comes up to get a refund, you do not want to miss an opportunity or a window that might not be open for very long,” while collecting the necessary data, Gamalski said. “That would be terrible.”
= new reply since forum marked as read
