The Supreme Court of the United States has declared tariffs worth about $175 billion imposed by former President Donald Trump illegal. These tariffs were imposed under emergency economic law. Now the big question is – how will the companies get the refund? Will the money be returned automatically or will every importer have to go to court? The case will now go to the United States Court of International Trade, which will decide the refund process. More than 1,000 companies have already filed lawsuits. Legal costs can become a big challenge for small businesses. Understand the whole situation in simple language in this video.
US Supreme Court declared Trump Tariffs illegal. How to get $175 Billion Refund? | Money Live | US Supreme Court rules Trump tariffs illegal. How to get a $175 billion refund?
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