Last week’s Supreme Court ruling has led to an unprecedented cash grab for companies. The court struck down many of Trump’s global tariffs, which raised $130 billion in 10 months. Now more than 1,800 companies have filed lawsuits asking for refunds. Lawyers predict that asbestos-related lawsuits are on the horizon.
But not everyone can afford to fight back for their money. While large companies like Costco, Barnes & Noble and FedEx have the resources to hire specialized trade lawyers, smaller companies are left hoping that the government will voluntarily issue refunds.
The Trump administration has sent mixed signals on refunds. While government attorneys previously assured the courts that companies could be “recovered through reimbursement, including interest,” President Trump said they “will ultimately end up in court over the next five years.”
Read more
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Last week’s Supreme Court ruling has led to an unprecedented cash grab for companies. The court struck down many of Trump’s global tariffs, which raised $130 billion in 10 months. Now more than 1,800 companies have filed lawsuits asking for refunds. Lawyers predict that asbestos-related lawsuits are on the horizon.
But not everyone can afford to fight back for their money. While large companies like Costco, Barnes & Noble and FedEx have the resources to hire specialized trade lawyers, smaller companies are left hoping that the government will voluntarily issue refunds.
The Trump administration has sent mixed signals on refunds. While government attorneys previously assured the courts that companies could be “recovered through restitution, including interest,” President Trump said they “will ultimately end up in court over the next five years.”
Read more
Register for the Entrepreneur daily newsletter to get the news and resources you need today to help you run your business better. Receive it in your inbox.
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