Business groups seek quick tariff refunds after Supreme Court ruling

Business groups seek quick tariff refunds after Supreme Court ruling

The U.S. businesses that paid billions in tariffs to the federal government want their money back.

After the U.S. Supreme Court found President Donald Trump exceeded his authority under a 1977 law, business groups quickly called for refunds of these tariffs.

The high court decision affects Trump’s tariffs enacted under the International Emergency Economic Powers Act. Trump had used the law to impose tariffs on nearly every imported product from every country.

Neil Bradley, executive vice president at the U.S. Chamber of Commerce, said the ruling was good news for U.S. businesses and consumers.

“Swift refunds of the impermissible tariffs will be meaningful for the more than 200,000 small business importers in this country,” he said.

The nation’s largest business lobby also asked for a full reset on tariffs.

“We encourage the administration to use this opportunity to reset overall tariff policy in a manner that will lead to greater economic growth, larger wage gains for workers, and lower costs for families,” Bradley said.

The Penn Wharton Budget Model estimated the Supreme Court ruling will generate up to $175 billion in refunds.

Getting that money won’t be easy. International Chamber of Commerce Secretary General John Denton warned that refunds could be challenging.

“Companies should not expect a simple process: the structure of U.S. import procedures means claims are likely to be administratively complex,” he said. “[The] ruling is worryingly silent on this issue and clear guidance from the Court of International Trade and the relevant U.S. authorities will be essential to minimize avoidable costs and prevent litigation risks.”

Trump sharply criticized the Supreme Court’s decision on Friday before announcing a new set of tariffs under different laws to replace the import duties invalidated by the high court. He also criticized the Supreme Court for its silence on the issue of refunds. He said that failure by the high court could mean refunds end up in court disputes for years.

Gary Shapiro, CEO of the Consumer Technology Association, a trade group, said “the government must act quickly to refund retailers and importers without red tape or delay.”

Some businesses filed for refunds even before the Supreme Court ruling.

Warehouse retailer Costco filed a lawsuit in December to hold its place in the refund line, where other companies were already waiting. Costco noted a separate lawsuit was needed because importers “are not guaranteed a refund for those unlawfully collected tariffs in the absence of their own judgment and judicial relief.”

The request hints at a complicated refund process for a share of the billions in tariffs the federal government collected in fiscal year 2025. Supreme Court Justice Amy Coney Barrett said refunds could be a “mess” during oral arguments in November.

U.S. Sen. Maria Cantwell, D-Wash., wrote a letter to Treasury Secretary Scott Bessent seeking a “detailed explanation” of how the refund process would work.

“Many American businesses, especially small and medium-sized businesses, have struggled to pay these illegal tariffs and, for some, the financial strain has placed them on the brink of bankruptcy,” she wrote in the letter. “It is essential [that the Treasury Department] implement an expeditious and transparent process to remediate the financial harm that resulted from these illegal tariffs.”

Illinois Gov. J.B. Pritzker, a Democrat with plans for higher office, demanded a refund of $8.6 billion for all families in his state.

“On behalf of the people of Illinois, I demand a refund of $1,700 for every family in Illinois,” the governor wrote, threatening further action if the White House failed to comply.

Recent economic research has found that Americans are picking up the cost of tariffs. A report from the Federal Reserve Bank of New York confirmed “U.S. firms and consumers continue to bear the bulk of the economic burden of the high tariffs imposed in 2025,” according to a report from the Federal Reserve Bank of New York. Other studies have reported similar findings on the impact of the tariffs. The Kiel Institute for the World Economy found that Americans are paying almost the entire cost of tariffs.

Leave a Comment





Latest News Stories

Litchfield Logo Graphic.3

Litchfield Secures Marshalls Department Store with New TIF Agreement

Litchfield City Council Meeting | Nov. 6, 2025 Article Summary: The City Council approved a new development agreement that paves the way for a Marshalls department store to open in...
Litchfield Park-Schalk Park Graphic Logo

LBI Proposes Expansion of Schalk Field at Park Board Meeting

Litchfield Park District Board Meeting | Nov. 5, 2025 Article Summary: Representatives from Litchfield Baseball Inc. (LBI) presented a proposal to the Park Board to expand Schalk Field by up...
Litchfield Logo Graphic.4

Litchfield Approves $397k for Emergency Water Plant Repairs; Resident Donates $100k to Cause

Litchfield City Council Meeting | Nov. 6, 2025 Article Summary: The Litchfield City Council authorized nearly $400,000 in emergency expenditures to fix a catastrophic failure at the water treatment plant,...
Litchfield Park-Graphic Logo.4

Litchfield Park Board Approves 5% Tax Levy Increase

Litchfield Park District Board Meeting | Nov. 5, 2025 Article Summary: The Litchfield Park District Board voted to increase its annual property tax levy by 5 percent following a review...
Meeting Briefs

Meeting Summary and Briefs: Litchfield CUSD 12 for October 21, 2025

Litchfield CUSD 12 Meeting | October 21, 2025 The Litchfield Community Unit School District No. 12 Board of Education met on Tuesday, October 21, 2025, to review the annual audit,...
OLYMPUS DIGITAL CAMERA

Principals Present Improvement Plans Focused on Growth and Attendance

Litchfield CUSD 12 Meeting | October 21, 2025 Article Summary: Litchfield building administrators presented their 90-day School Improvement Plans (SIP) to the Board of Education, outlining specific targets for reading...
Litchfield School Logo Graphic.5

Litchfield Board Approves Strategic Planning Contract and Truck Driver Training Site

Litchfield CUSD 12 Meeting | October 21, 2025 Article Summary: The Litchfield School Board authorized a new strategic planning process led by external consultants and approved a partnership to establish...
OLYMPUS DIGITAL CAMERA

Litchfield School Board Accepts Clean Financial Audit; Auditors Advise Monitoring Benefit Funds

Litchfield CUSD 12 Meeting | October 21, 2025 Article Summary: The Litchfield School Board accepted the annual financial audit for the fiscal year ending June 30, 2025, which returned a...
Meeting Briefs

Meeting Summary and Briefs: Litchfield City Council for Oct. 16, 2025

Litchfield City Council Meeting | Oct. 16, 2025 The Litchfield City Council convened on Thursday, Oct. 16, 2025, tackling significant infrastructure and financial issues. The meeting was dominated by discussions...
Litchfield Logo Graphic.4

Litchfield Approves Contract for State-Funded Auto Theft Task Force Inspector

Litchfield City Council Meeting | Oct. 16, 2025 Article Summary: The City Council approved a contract for services with Ryan Gorman, who will serve as an Inspector for the Illinois...
Litchfield Logo.1

Council Rejects Water Bill Credit for Mt. Olive, Citing Fairness to Local Residents

Litchfield City Council Meeting | Oct. 16, 2025 Article Summary: The Litchfield City Council unanimously voted against a request from the City of Mt. Olive for a $3,675 water billing...
Litchfield Logo Graphic.3

Litchfield Council Authorizes $183K in Emergency Water Plant Repairs Following System Failure

Litchfield City Council Meeting | Oct. 16, 2025 Article Summary: The Litchfield City Council waived competitive bidding to authorize over $183,000 in emergency repairs to the city’s water treatment plant...
Meeting Briefs

Meeting Summary and Briefs: Litchfield City Council for Oct. 2, 2025

Litchfield City Council Meeting | Oct. 2, 2025 The Litchfield City Council met on Thursday, Oct. 2, 2025, addressing the recent water system boil order, hunting regulations, and public safety...
Litchfield Logo Graphic.4

Litchfield Approves New Police Vehicle Upfit and Pursuit of Full-Time Chief

Litchfield City Council Meeting | Oct. 2, 2025 Article Summary: The council approved the outfitting of a new Dodge Durango for the ordinance officer and authorized the Illinois Association of...
Meeting Briefs

Meeting Summary and Briefs: Litchfield Park District Board for Oct. 1, 2025

Litchfield Park District Board Meeting | Oct. 1, 2025 The Litchfield Park District Board met on Wednesday, October 1, 2025, to review maintenance projects and upcoming fall events. The board...