06-March-2026
Economy News
 
Big setback for Trump: US trade court orders tariff refunds worth up to $130bn
05-Mar-2026

A US trade court has ruled that businesses that paid certain tariffs under US President Donald Trump are entitled to refunds, after those levies were struck down by the Supreme Court last month, the BBC reported. The decision directs federal authorities to begin returning the money, delivering a major legal setback for the Trump administration’s trade policy. US trade court clears path for refunds On Wednesday, the US Court of International Trade ordered Customs and Border Protection to issue refunds for tariffs that President Donald Trump introduced last year under the International Emergency Economic Powers Act (IEEPA).

News Source:- https://www.financialexpress.com/world-news/us-news/big-setback-for-trump-us-trade-court-orders-tariff-refunds-worth-up-to-130bn/4162763/?ref=morelatest_hp