Judge Richard Eaton of the U.S. Court of International Trade set firm deadlines for the Trump administration to process refunds for tariffs struck down by the Supreme Court. The administration must provide a refund processing update by Thursday, with full processing due by April 20. Eaton warned that interest is accruing at approximately $650 million monthly, with an estimated $10 billion accumulating by year’s end if entries aren’t liquidated—a burden American taxpayers will bear. Officials contend the 45-day deadline is insufficient for processing 50 million affected entries, though CBP estimates automated controls will save 4 million labor hours. More than 2,000 companies sued the Trump administration over the tariffs. The judge questioned why the government continued enforcing tariffs after the Supreme Court ruled them illegal under the International Emergency Economic Powers Act.
Watch the video below.
Your browser does not support the video tag.
The post Trump admin ordered to process tariff refunds with massive interest accruing appeared first on Raw Story.
