Businesses Face More Litigation to Get Tariff Refunds
Market Intelligence Analysis
AI-PoweredThe US Supreme Court's ruling on Trump's tariffs may lead to further litigation for businesses seeking tariff refunds, potentially impacting their financial recovery.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
The US Supreme Court ruled Donald Trump's tariffs under the IEEPA as illegal, but was silent on the issue of refunds. That decision is likely to go back to the US Court of International Trade says Janet Whittaker, Senior International Arbitration and Disputes Partner at Clifford Chance. She says the hundreds of businesses that have already taken legal action seeking refunds may face further litigation. Whittaker joined Lizzy Burden on 'Bloomberg Daybreak Europe'. (Source: Bloomberg)
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