Tag: trump tariff refund

Businesses can claim refunds for Trump tariffs ruled unconstitutional from April 20

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Businesses can claim refunds for Trump tariffs ruled unconstitutional from April 20

Supreme Court on February 20 found that Mr. Trump usurped Congress’ tax-setting role last April when he set new import tax rates on products from almost every other country, citing the U.S. trade deficit as a national emergency. File | Photo Credit: Reuters A refund system for businesses that paid tariffs which the U.S. Supreme…

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Twenty-four U.S. states announce lawsuit to stop Trump’s latest global tariffs

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Twenty-four U.S. states announce lawsuit to stop Trump’s latest global tariffs

The states that sued argue that the Trade Act allows for tariffs only to address a “balance of payments” deficit, which last occurred in the presidency of Republican former President Richard Nixon as the U.S. was abandoning the gold standard. File | Photo Credit: Reuters A group of 24 ‌U.S. states will sue President Donald…

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