Trump Administration to Appeal Order Allowing Refunds for Tariffs
· Telemundo McAllen (KTLM)
The Trump administration plans to appeal a federal judge's order allowing companies to receive refunds for tariffs deemed illegal by the Supreme Court. While some businesses have begun receiving refunds, the appeal could halt the process. As of May 22, refund requests totaling $85 billion had been accepted, with $20.6 billion already issued. The judge has scheduled a hearing for June 9 regarding the government's obligation to expedite refunds to 330,000 eligible importers. Retailers like Walmart announced plans to use refunds to lower prices, while smaller companies are using funds to manage debts and sustain operations.
AI summary · Source: Telemundo McAllen (KTLM) →
