Dorsey Partner Dave Townsend commented on the Supreme Court’s decision striking down President Trump’s global tariffs, holding that he exceeded his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose the measures. Although the Court did not outline a refund process, some justices recognized that unwinding the tariffs may be complex. In an interview with NPR, Dave noted that U.S. Customs can use its existing system to return import taxes that are now unlawful.
“More than 2,000 lawsuits have already been brought seeking such refunds, but this is a small fraction of U.S. importers that may be entitled to such refunds,” Dave said in an interview with The Washington Times. “The United States has said in litigation that more than 300,000 U.S. importers have paid IEEPA tariffs,” he added.
“It’s landmark, it’s an enormous decision,” Dave said in a Bloomberg Law Podcast interview, adding that “it’s really unclear what happens next on the refund issue.”
Additional coverage is available.
- U.S. News - Supreme Court Decision Against Trump's Tariffs Raises Uncertainty, but Markets Stay Calm
- Wall Street Journal - How U.S. Businesses Are Shaving Billions Off Their Tariff Bills
- Fortune - Trump's Tariff Refund Mess Leaves American Business With Half-a-Decade of Legal Battles to Look Forward To
- The Guardian - Trump Announces New 10% Global Tariffs, Lashes Out at Supreme Court Justices for ‘Ridiculous’ Ruling - As It Happened
- The Seattle Times - Supreme Court Ruling Against Trump’s Tariffs is Unlikely to Mean an End to Trade Policy Chaos
- The Minnesota Star Tribune - Minnesotans Hoping Supreme Court Ruling Brings Swift Relief for Companies and Farmers
- AP News - The Supreme Court Struck Down Trump's Tariffs. Now Comes the Hard Work of Issuing Refunds
- South China Morning Post - What Next for China’s Export Machine After Top US Court Blocks Trump’s Tariffs?
- PCMag - Supreme Court Kills Trump's Reciprocal Tariffs. Will Companies Get Reimbursed?
- Newsmax.com - The $45 Billion Tariff Great Escape
- Barron's - Deal Or No Deal: What's The State Of Trump's Tariffs?
