Core Viewpoint - Thousands of companies globally are challenging U.S. President Donald Trump's tariffs and seeking refunds for duties paid, with a significant ruling expected from the U.S. Supreme Court [1][2]. Group 1: Legal Challenges - The legality of tariffs imposed on goods from trading partners such as China, India, and Brazil is under scrutiny, as these tariffs were enacted under a 1977 law intended for national emergencies [2]. - Major companies, including J Crew, Dole Fresh Fruit, Goodyear, BorgWarner, GoPro, Costco Wholesale, EssilorLuxottica, Alcoa, and Toyota, have filed lawsuits against the administration seeking refunds and challenging the legality of the tariffs [3][4][5]. Group 2: Financial Implications - If the Supreme Court rules against the tariffs, companies could potentially seek refunds totaling approximately $150 billion for duties already paid [2]. - Companies are preparing for a possible financial impact, with many seeking full refunds of tariffs paid under the International Emergency Economic Powers Act (IEEPA) [3][4][5].
Factbox-Global companies that have sued the US government for tariff refunds
Yahoo Finance·2026-01-09 15:06