US to refund over $130bn in tariffs to importers
A federal court in the United States has ordered the presidential administration to Donald Trump to start the process of returning to importers more than 130 billion dollars, which were collected in the form of global tariffs. This is reported by The Wall Street Journal.
This refers to the customs duties that the US government had previously imposed on imported goods. Last month The US Supreme Court declared these tariffs invalid, and then the question of their reimbursement arose.
Large-scale compensation for business
According to the court's ruling, the government must start return funds to importing companies, The company is also responsible for the payment of these tariffs during their validity.
The total amount of potential compensation may exceed 130 billion dollars, This makes it one of the largest refunds in US trade policy.
Implications for the economy
Experts note that the court's decision may have significant financial implications for the US federal budget.
At the same time, for business, this means refund of funds that companies have paid for several years in the form of customs tariffs.
Context.
Global tariffs were part of the US trade policy aimed at protecting domestic production and redistributing trade flows.
However, the courts have concluded that some of these measures did not comply with the law, This eventually led to their cancellation and the need for compensation.
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