Why Tariff Refunds Might Not Lower Prices

Importers were hoping for quick refunds on billions of dollars spent on tariffs, but trade attorneys warn it could take years. The Court of International Trade, or CIT, is facing over 1,000 refund-related cases. If the Supreme Court rules tariffs are illegal, questions of refunds could bounce back and forth between the courts for months, or even years.I've been speaking with trade lawyers and other experts and there are three possible scenarios they lay out. Scenario one, the Supreme Court could rule the ta ...