News Source
EXCERPT:
U.S. importers, ranging from Target to Walmart, are due more than $160 billion in tariff refunds following a February Supreme Court decision as the Trump administration launches its claims filing portal Monday.
Hopes are high for a smooth launch of the system that will facilitate the refunds, but companies and Wall Street analysts are tempering their expectations that companies will get the money back quickly.
Trade lawyers are warning of bureaucratic hurdles, legal vulnerabilities, as well as the possibility of a last-minute appeal by the Trump administration.
“[Importers] are pessimistic that the government is going to make this easy. They’re anticipating that the government is going to make it as difficult as possible to get their money back,” said trade attorney Matthew Seligman, principal at Grayhawk Law.
“There’s frustration because the Supreme Court already ruled that these tariffs are unlawful,” he added.
