The Trump administration seeks to delay the $175 billion tariff refund lawsuit, requesting at least a four-month buffer period
On February 28, it was reported that the U.S. Department of Justice filed a document on Friday showing that the Trump administration is seeking to postpone the progress of a lawsuit regarding tariff refunds.
The document indicates that the government requests a minimum of four months' buffer before resuming the litigation process in the U.S. International Trade Court. If approved, this move would temporarily suspend legal disputes over tariff refunds.
Previously, the Supreme Court ruled that tariffs imposed by the Trump administration under the International Emergency Economic Powers Act were unlawful, paving the way for many companies to recover taxes.
The lawsuit shows that the plaintiffs hope to expedite the case, aiming to make it a "breakthrough" example in a potential $175 billion wave of refunds.
However, the Trump administration has previously stated that the refund issue could take "years of litigation," indicating a legal strategy and tendency to delay.
Regardless of the reasons behind the Trump administration's actions, this move will force approximately 300,000 shippers and thousands of involved companies into a longer wait, delaying the realization of their tariff refund rights.
But this delaying tactic by the government may trigger a new round of legal standoff. Currently, several companies, including FedEx, have joined the lawsuit demanding the government to promptly refund the "illegally collected" tariffs and interest.
#TariffRefund
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The Trump administration seeks to delay the $175 billion tariff refund lawsuit, requesting at least a four-month buffer period
On February 28, it was reported that the U.S. Department of Justice filed a document on Friday showing that the Trump administration is seeking to postpone the progress of a lawsuit regarding tariff refunds.
The document indicates that the government requests a minimum of four months' buffer before resuming the litigation process in the U.S. International Trade Court. If approved, this move would temporarily suspend legal disputes over tariff refunds.
Previously, the Supreme Court ruled that tariffs imposed by the Trump administration under the International Emergency Economic Powers Act were unlawful, paving the way for many companies to recover taxes.
The lawsuit shows that the plaintiffs hope to expedite the case, aiming to make it a "breakthrough" example in a potential $175 billion wave of refunds.
However, the Trump administration has previously stated that the refund issue could take "years of litigation," indicating a legal strategy and tendency to delay.
Regardless of the reasons behind the Trump administration's actions, this move will force approximately 300,000 shippers and thousands of involved companies into a longer wait, delaying the realization of their tariff refund rights.
But this delaying tactic by the government may trigger a new round of legal standoff. Currently, several companies, including FedEx, have joined the lawsuit demanding the government to promptly refund the "illegally collected" tariffs and interest.
#TariffRefund