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 […]
The Treasury Department has collected more than $133 billion since December from import taxes imposed by the president under the Emergency Powers Act, federal data show. The impact over the next ten years is estimated at approximately $3 trillion. | Photo credit: REUTERS/BENOIT TESSIER FedEx is suing the U.S. government, seeking a full refund of […]