‘All importers of record’ are ‘entitled to benefit’ from the apex court ruling that struck down the import taxes President Donald Trump imposed last year under the 1977 International Emergency Economic Powers Act (IEEPA), Judge Richard Eaton wrote.
The Supreme Court found those tariffs to be unconstitutional under the emergency powers law.
Eaton mentioned in his ruling that he alone will hear cases pertaining to the refund of IEEPA duties, according to US media reports.
He was ruling specifically on a case brought by Atmus Filtration, a Nashville, Tennessee-based company that makes filters and filtration products.
The Supreme Court did not even mention anything about refunds in its February 20 decision.
The US government collected more than $130 billion in the now-defunct tariffs till mid-December.
Meanwhile, US Treasury Secretary Scott Bessent said the United States is ‘likely’ to introduce a new 15-per cent global tariff this week, an increase from the earlier 10-per cent rate. The new tariff is intended to replace the IEEPA-based duties that were invalidated by the Supreme Court.
Fibre2Fashion News Desk (DS)