The Supreme Court struck down some of Trump's most sweeping tariffs. Which levies are impacted? - AP News

The Supreme Court struck down some of Trump's most sweeping tariffs. Which levies are impacted?  AP News

Tariffs ruling is major blow to Trump's second-term agenda

The Supreme Court has weakened Trump's hand in dealing with other nations, writes Anthony Zurcher.

Trump blasts the tariff ruling on Truth Social.

Tariff Ruling Kicks Off Messy Fight Over $170 Billion in Refunds - Bloomberg.com

Tariff Ruling Kicks Off Messy Fight Over $170 Billion in Refunds  Bloomberg.com

Supreme Court Strikes Down Trump’s Global Tariffs - The Wall Street Journal

Supreme Court Strikes Down Trump’s Global Tariffs  The Wall Street Journal

What does the Supreme Court ruling against Trump’s tariffs mean?

The US president has alternatives he can use to escalate his trade wars

UK ‘working with US’ to analyse impact of supreme court’s ruling against tariffs

Government ‘expects privileged trading position’ to go on as EU ‘seeks clarity’ over Trump administration’s next steps Britain and the EU said they were assessing the implications of the US supreme court ruling against Donald Trump’s global tariffs, while business groups reacted to the court’s announcement with caution. A spokesperson for Downing Street said: “The UK government is working with the US to understand how the overturning of Donald Trump’s tariffs by the supreme court will affect the UK but expects our privileged trading position with the US to continue.” Continue reading...

By Phillip Inman, Lisa O’Carroll and Graeme Wearden

Trump suggests he won’t refund tariffs after Supreme Court ruling

President Donald Trump suggested he doesn’t plan to refund tariff fees already collected by the US government.

Trump gives grudging praise to liberal trio who helped sink his tariffs

Supreme Court rules 6-3 that President Donald Trump exceeded authority using emergency powers for tariffs, with conservative justices dissenting from majority decision.

Trump announces new 10% global tariff after raging over Supreme Court loss

The battle over Trump tariff refunds is next — and it will be messy

The Supreme Court is scheduled to hear oral arguments on November 5 over the legality of President Donald Trump's "liberation day" tariffs. Andrew Harnik/Getty Images; Win McNamee/Getty Images The Supreme Court overturned Trump's IEEPA tariffs, which collected $133 billion in taxes. Now that the refund process can begin, it won't be easy. Here's how to get a refund — how long it could take. The Supreme Court on Friday overturned the centerpiece of President Donald Trump's tariff plans, ruling the federal government illegally collected over $133 billion in taxes from American businesses. Now comes the battle over refunds for tariffs paid, which Trump on Friday predicted could take years. "I guess it has to get litigated for the next two years," he said at a White House press conference, while blasting the ruling as "terrible" and "defective." One reason: Over 1,000 companies have filed lawsuits to claw back money from the government if the Supreme Court overturned Trump's tariffs justified by the International Emergency Economic Powers Act. In his dissenting opinion, Justice Brett Kavanaugh also predicted the process could become a "mess," citing refund requests tallying "billions of dollars to importers," even as some importers have already passed those costs to consumers. Here are all your questions about tariff refunds, answered by experts. Alright, who do I ask to get a refund? Typically, the refund process would be handled by Customs and Border Protection, which collected the tariffs in the first place. In order for that to happen, the Trump administration would need to establish a process for handling refund requests. The White House, which didn't return Business Insider's request for comment, has yet to signal plans to do this, said Rachel Brewster, a professor of international trade at Duke Law School. Without a formal process in place, claims will be litigated in the Court of International Trade, which will order CPB to issue refunds to specific companies, Brewster said. OK, so how will the court handle the process? In the past, the Court of International Trade has ordered refunds when it has found particular taxes to be invalid — albeit on a smaller scale, according to Daniel Mach, a commercial litigator at Bryan Cave. It'll likely turn to the process that followed a 1998 Supreme Court decision to overturn a harbor maintenance tax, which also resulted in refunds, Mach said. "It's been a while," Mach said. "Everyone's going to be kind of figuring out the ropes as they go. But at the end of the day, it's not an unsolvable problem." Given the number of claims, the Court of International Trade is likely to appoint an administrator or special master to consider each of them, rather than handling the lawsuits piecemeal, Mach said. Groups that advocated for the Supreme Court to overturn the IEEPA tariffs have urged the Court of International Trade to develop a smooth process for refunds. "The refunds will serve as an economic boost and allow companies to reinvest in their operations, their employees and their customers," said David French, an executive at the National Retail Federation, in a statement. OK, that sounds messy. How long will it take to get a refund? The whole refund process — whether through CPB or through a class-action or administrative processes in court — could take up to two years, according to Brewster. Have a lot of companies asked for refunds? Yes! The cases that went to the Supreme Court were groups of small companies, including a wine importer and an educational toy retailer. But several massive corporations, including Toyota and Costco, have also filed refund lawsuits. What about me? My Shein order was more expensive than expected. You can try to get a refund for personal orders hit by tariffs, but it'll be complicated. In asking CPB or a court for a refund, you'll have to distinguish tariffs you paid pursuant to IEEPA, which were overturned, and the tariffs justified by other laws, which remain on the books. Individual lawsuits for IEEPA tariffs on individual retailer orders, like from Temu and Shein, likely won't be worthwhile. The legal fees would likely exceed any potential refund. But it's possible that some enterprising litigators would put together a class-action lawsuit to make it worthwhile, Brewster predicted. "It was an illegally imposed tax," she said. "So in theory, everyone is entitled to a refund." Read the original article on Business Insider

Trump says he will impose new 10% ‘global tariff’ after Supreme Court ruling

Mr Trump’s ‘reciprocal tariffs’ were overturned by the US Supreme Court on Friday.

By Helen Corbett

Trump Bashes ‘Disloyal’ Supreme Court for Not Letting Him Defy Constitution 

The president lashed out at the justices who struck down his tariff agenda on Friday, alleging they were “swayed by foreign interests”

By nikkimccannramirez

Trump Says He Is “Ashamed” Of Supreme Court Majority That Struck Down His Tariffs; POTUS Vows “Other Alternatives”

President Donald Trump raged at the Supreme Court majority that struck down the centerpiece of his economic agenda, sweeping tariffs imposed on countries worldwide. Appearing in the White House briefing room, where the lighting was dimmed, Trump called the ruling “deeply disappointing” and said that he was “absolutely ashamed” of the majority of the court […]

By Ted Johnson

Trump calls Supreme Court's tariff ruling 'deeply disappointing'

Supreme Court Strikes Down IEEPA-Based Tariffs, Doesn’t Rule on Refunds (“Likely to be a ‘Mess’”)

Markets not surprised. 10-year Treasury yield rises modestly.

By Wolf Richter