Businesses Face More Litigation to Get Tariff Refunds
Original Report
The US Supreme Court ruled Donald Trump's tariffs under the IEEPA as illegal, but was silent on the issue of refunds. That decision is likely to go back to the US Court of International Trade says...
The US Supreme Court ruled Donald Trump's tariffs under the IEEPA as illegal, but was silent on the issue of refunds. That decision is likely to go back to the US Court of International Trade says Janet Whittaker, Senior International Arbitration and Disputes Partner at Clifford Chance. She says the hundreds of businesses that have already taken legal action seeking refunds may face further litigation. Whittaker joined Lizzy Burden on 'Bloomberg Daybreak Europe'. (Source: Bloomberg)
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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