The U.S. Supreme Court is set to rule on the Trump tariff case

Odaily According to reports, the U.S. Supreme Court is set to rule in the coming days on the legality of the global tariffs imposed by the Trump administration under the International Emergency Economic Powers Act. If the tariffs are ruled invalid, importers could face a potential battle to secure refunds of up to $150 billion in tariffs already paid to the U.S. government. The core challenge lies in the uncertainty of the refund process: even if they win the case, businesses generally expect the Trump administration to delay or refuse refunds. While U.S. Customs has announced plans to implement an electronic refund system, a fully automated process has not yet been clarified. To secure their rights in advance, several major importers, including Costco, have initiated preemptive lawsuits, while small and medium-sized enterprises have seen a secondary market emerge where refund rights are sold to hedge funds at steep discounts (a few cents on the dollar). Experts advise that companies should immediately organize and verify detailed records of all tariffs paid and prepare to file for refunds according to the law as soon as possible after the ruling, in anticipation of potentially complex legal and administrative procedures that could last for years. (Jin10)