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The Economic Times

Economy / The Economic Times

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US trade court orders sweeping tariff refunds for companies in fresh blow to Trump

A federal judge in New York ruled that companies are entitled to refunds for tariffs invalidated by the Supreme Court, potentially totaling $175 billion. This decision mandates broad repayment for duties collected under emergency powers, initiating a complex administrative process for U.S. Customs and Border Protection.

5 Mar 2026 6:51 am