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Blackvegetable » Today, 6:26 am » wrote: ↑

Today, 6:26 am

Only about 5% of the 3,000 largest publicly traded US companies mentioned refunds in the context of President Donald Trump’s now-illegal tariffs in recent comments and regulatory filings, according to a Bloomberg analysis of firms in the Russell 3000 Index.

The Customs and Border Protection agency opened a refund portal on April 20 for more than 330,000 firms that paid import taxes under Trump’s use of the International Emergency Economic Powers Act, or IEEPA. The first batch of payments came unexpectedly quickly, and some companies have already logged those benefits. Others acknowledged they may have to wait at least another quarter or two to offer details.

There’s reason for discretion: The scramble for as much as $166 billion in refunds — plus interest — comes with the risk of political and legal jeopardy. Trump often says it’s foreign firms that pay his import taxes — though studies show otherwise — and he’s now painting refund backers as unpatriotic after the Supreme Court struck down his IEEPA authority.

https://www.bloomberg.com/news/articles ... efund-race