Trump administration plans to appeal tariff refund ruling

Summary: The U.S. Supreme Court recently decided that President Trump did not have the power to charge certain high import taxes, known as tariffs. Because of this, the government owes companies about $166 billion in refunds. Some money has already been sent back to businesses.

However, the Trump administration now wants to appeal a judge's order. They argue they should only have to refund companies that actually filed lawsuits, not everyone who paid the tax. If the appeal goes through, it could slow down the refund process for months. Big stores like Walmart and Costco were planning to use these refunds to lower prices for shoppers. Even smaller companies, like the men's grooming brand Manscaped, are waiting on millions of dollars to help their businesses recover.

For more details, see rssapp-apnews-com-hub-entertainment at apnews.com/article/tariff-refunds-trump-court-appeal-7209128eeee29c565c4ea5a6892f73c6 (opens in new tab)