Federal court orders massive tariff refunds.

Federal court orders massive tariff refunds. A US federal judge has ruled that all companies paying now-invalidated tariffs under Trump's emergency powers are entitled to refunds, potentially reaching $175 billion. The Supreme Court struck down the tariffs in February, and this new order centralizes the refund process under Judge Richard Eaton. US Customs must now design systems to process repayments on an unprecedented scale, having collected over $130 billion in the defunct duties through mid-December. The Trump administration is expected to appeal or seek delays to give agencies more time to comply. Trade lawyers warn that administering mass refunds will prove administratively complex, creating significant fiscal and political consequences for the government.