The U.S. government has officially appealed the tariff refund ruling

Gold Financial News reports that on June 3, the U.S. government officially filed an appeal on June 2 against the decision by the U.S. International Trade Court to order U.S. Customs and Border Protection to refund tariffs.
The outcome of the appeal concerns approximately $166 billion in tariff revenue collected from U.S. importers during the Trump administration, and the ongoing tariff refund process may be affected.
According to the Supreme Court ruling, U.S. International Trade Court judges ruled on March 4 that Customs and Border Protection cannot conduct tariff settlements under the provisions of the U.S. International Emergency Economic Powers Act.
This means that tariffs previously collected from importers under that law must be refunded.
According to Customs and Border Protection, as of March 4, more than 330k importers had prepaid or paid a total of about $166 billion in tariffs.
A legal document submitted by the agency recently shows that as of May 22, the agency had accepted about $85 billion in tariff refund applications and had requested the Treasury Department to refund about $20.6 billion.
(CCTV News)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned