Trump Administration Plans Tariff Refunds

0:00It's April 29th. From coast to coast, this is U.S. News Today, powered by AI. I'm Cory with the story. The Trump administration plans to roll out the first refunds on those old tariffs around May 11th. This comes straight from a recent court filing, more than two months after the Supreme Court struck down the duties as a legal, back on February 20th. The high court ruled 6-3 that President Trump didn't have the power to slap on those tariffs using the Emergency Economic Powers Act. That left importers hanging, unsure how or when they'd get their money back. Trump fire back hard, calling the decision a disaster, and quickly hitting the world with a fresh 10% tariff on imports everywhere. Businesses spelt the whiplash, with costs piling up and supply chains still tangled. Now a U.S. Court of International Trade Order on Tuesday lays out the refund timeline, aiming to start payout soon and ease some of that uncertainty. For companies that overpaid, importers are breathing a bit easier with cash on the horizon,

1:02but those new tariffs keep the trade game unpredictable as ever.