Summary
- Lawsuits reportedly topped 2,000 after the U.S. Supreme Court found most tariff measures unlawful.
- Companies including FedEx and L'Oréal are seeking refunds of tariffs already paid based on the ruling that deemed the measures illegal.
- The tariffs at issue are estimated at more than $170 billion, but whether refunds will be granted and the process are uncertain.
Forecast Trend Report by Period
Lawsuits challenging President Donald Trump’s tariff policy have reportedly surpassed 2,000 after the U.S. Supreme Court found most tariff measures unlawful.
According to Walter Bloomberg on the 27th (local time), many small and midsize companies, including major corporations such as FedEx and L'Oréal, have joined the class action. Companies are seeking refunds of tariffs already paid, citing the ruling that deemed the measures illegal.
The tariffs at issue are estimated at more than $170 billion. However, whether refunds will be granted and the process remain uncertain, and it has been suggested that it could take years before any repayment is made.
As litigation surges, pressure on companies to recoup costs is mounting, while the administration is also facing growing fiscal and policy burdens.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
