The US Supreme Court has struck down President Trump's sweeping tariffs in a significant 6-3 decision, ruling that the International Emergency Economic Powers Act does not authorize such duties. The US Chamber of Commerce welcomed the ruling, stating that refunds may now be available for tariffs previously applied to goods from India and Brazil. The Chamber emphasized that swift refunds of these impermissible tariffs will be meaningful for over 200,000 small business importers across the country and could help support stronger economic growth. However, the Chamber noted that the process for obtaining refunds remains uncertain, with only direct importers of record and consignees eligible to claim them.
