Aussie Companies Seek Refunds on Trump Tariffs

0:00It's March 30th. You're listening to Sydney News today, AI-powered local news. A bunch of Australian companies, from miners like Rio Tinto, to food makers like SPC, are suing in a U.S. court to get back money from tariffs Donald. Trump slapped ONLY legally. The U.S. Supreme Court ruled in February those tariffs under the International Emergency Economic Powers Act were unlawful, so now firms are lining up. For refunds on what they paid last year. Both Tinto's leading the charge, claiming their U.S. subsidiaries, shelled out tariffs on imported goods, the only slice of their total one point. Four billion dollars in levies qualify since most came from legal sources. Others jumping in include oil giant Santos, appliance brand Breville, fertilizer suppliers, new farm and in C-Tech Pivot, plus explosives firm Orca. These moves come with risk, especially for big names like Rio, that Trump might notice, and they're happening right after Rio locked in a land deal for.

1:00Its massive resolution copper mine in Arizona, which needs U.S. government backing to push forward, that project could score federal funds as Trump pushes for more homegrown critical minerals. The U.S. raked in $129 billion in tariffs from April to December last year, and with no clear refund process yet, lawyers saying, companies got a file fast to be strict deadlines and tough defenses from the government. These affirms worldwide are piling on these claims, so Australian players hope their cases get bundled together for cheaper legal fights and some. Low profile cover, with even more Aussies likely to join the push soon.