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Will the Donald Trump administration be forced to give billions of dollars in tariff refunds?

IndiaTimes Sunday, 1 June 2025
A US trade court ruling against Trump's reciprocal tariffs could force the administration to refund billions in collected import duties. The court determined that the International Emergency Economic Powers Act (IEEPA) did not authorize the tariffs, leading to an appeal by the government.
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News video: Trump ERUPTS Over 'TACO' Jibe | Wall Street COINS Savage Nickname Over China, EU Tariff Retreats

Trump ERUPTS Over 'TACO' Jibe | Wall Street COINS Savage Nickname Over China, EU Tariff Retreats 02:44

 President Trump pushed back after being mocked on Wall Street with the nickname "TACO trade"—short for "Trump Always Chickens Out"—a dig at his inconsistent tariff strategies. During a press exchange on May 28, Trump defended delaying steep tariffs on China and the EU, calling the jab unfair. The...

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