Trump tariff refunds possible as Supreme Court fight looms

President Donald Trump, the United States Government, collected tens of billions of dollars from “mutual tariffs”.

However, if the Supreme Court acknowledges that most of the taxes related to imports from sub -courts and other countries are illegal, this money – and much more can be paid back.

How much can this be?

A statement opened to the Supreme Court last week warned the Treasury Secretary Scott Bessent.

This dazzling can contain more than $ 72 billion. Tariff Revenue Collected According to data from August 24, the US border and customs have been maintained since Trump’s “Liberation Day” announcement so far.

In addition, it will include the money expected to be collected from risks at risk until next June.

“Relaxing them may cause significant deterioration.” He said.

Bessent’s statement was part of a request so that the Trump administration would not expect a normal time frame for such a decision until the next summer.

The sooner the court has rules, the majority of justice finds the tariffs illegal, the government’s repayment of the government may be requested.

Returning of tariffs is not unprecedented for the US government. However, the amount of tariffs that Trump management may be forced to repay.

Under the former president Joe Biden, according to 2022 Holland & Knight, some Chinese goods were reimbursed in a limited period of 301 tariffs. warning. However, these repayments were relatively insignificant.

Bessent said the Trump administration was “sure” that the Supreme Court will reversed the sub -court decisions.

However, if the Supreme Court says that repayments are necessary, “We have to do this,” he said. NBC News“Meet the Press” on Sunday. And this would be “terrible”.

The two sub -courts decided to overcome the Presidential authority when Trump called on the International Emergency Economic Forces Law to justify imposing upright taxes on almost every US trade partner.

Last week, the Trump administration asked the Supreme Court to rapidly reversed these decisions.

Lawyer General D. John Sauer, the administration’s petition to the Supreme Court “The risks in this case could not be higher.” “For the President and the highest -level advisors, these tariffs offer a sharp choice: we are a rich nation with tariffs; we are a poor nation without tariffs.”

“The President predicts that if the United States of the United States have to pay back the trillions of dollars that are connected to us, the United States may fail the moment that such a wrong decision comes into force, and” economic consequences will be destructive instead of an unprecedented success “. “

The Supreme Court did not specify when the Trump administration could act on the request for receiving the case.

However, Ryan Majerus, a partner in the international trade team in King & Spading, asked the Trump administration to take the case from the Supreme Court until the mid -October in the mid -October.

Important questions about how a repayment process for the administration will work and that companies are most impressed by tariffs continue

Majerus said that importers may need to make a request to secure repayments.

Trade experts already said that the companies can keep meticulous records and the process may be messy.

“It will be the key to document imports and immediately filing the necessary documents,” Brownstein Hyatt Farber Schreck’s new customer warning. He said.

If the brokers need to file for repayment, “the workload for our customs teams will double overnight and will be met with very eager importers to get back these dollars,” he said.

New York Times Dealbook bulletin Some importers reported that third -party firms in Pennies on the dollar have been approaching potential repayments in selling their rights.

The buyers of these rights are effectively betting that the Supreme Court will break Trump’s tariffs and provide them with a handsome return from these bets.

The White House did not respond immediately to CNBC’s request for comments.