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The Trump administration’s trade wars have yielded a string of surprising twists. Tariffs have been announced and then dialed back, trade deals pledged and then paused, all while economists continue to parse exactly how much the levies have hit businesses and the American consumer.

Then came the Supreme Court’s ruling last month that decisively overturned President Donald Trump’s emergency tariffs, which had brought in the bulk of revenue from the import taxes announced to date. At first it looked like a clear win for the companies that had fought for relief in court. But even that outcome is up in the air, as it remains unclear how or whether the government will ever refund the $166 billion in tariffs paid so far, write economist Peter R. Crabb and criminal justice scholar Alison Graham Larson, who have been following the case.

Uncertainty is so high that some companies are choosing to sell their refund rights for a fraction of what they’re worth, as they doubt whether they’ll ever get that money back, the authors explain.

In today’s lead article, Crabb and Larson attempt to untangle the very “mess” that Justice Brett Kavanaugh warned about in his Supreme Court dissent.

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Helen Fessenden

Senior Economy and Business Editor

 
Containers are stacked up in a cargo terminal in Frankfurt, Germany. AP Photo/Michael Probst

Supreme Court’s tariff decision still leaves a ‘mess’ for companies trying to grab refunds

Peter R. Crabb, Northwest Nazarene University; Institute for Humane Studies; Alison Graham Larson, Northwest Nazarene University

Companies that had sued for tariff refunds are taking different approaches to getting their money back – or quitting the effort.

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