Hundreds of U.S. companies filed lawsuits seeking refunds after the Supreme Court overturned U.S. President Donald Trump's tariffs, local reports said Saturday.
The court ruled Friday that the tariffs, imposed under emergency powers, were illegal. In a 6-3 decision, justices found the use of the International Emergency Economic Powers Act unconstitutional, nullifying global levies introduced since April.
The National Broadcasting Corporation (NBC) reported on Saturday that hundreds of companies have since sued for refunds for tariffs paid under the Trump administration.
Economists warned that refund procedures remain unclear, even as Trump predicted a drawn-out legal battle that could last five years. He told reporters Friday that the ruling would trigger protracted litigation over whether the government must repay companies for tariffs already collected.
Meanwhile, experts at the University of Pennsylvania estimate the government collected more than 175 billion U.S. dollars under the tariffs, now subject to potential repayment following the Supreme Court's decision.
US firms sue for tariff refunds after Supreme Court ruling
US firms sue for tariff refunds after Supreme Court ruling
