News
People are trying to be creative: Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans.
2+ day, 22+ hour ago (539+ words) When the Supreme Court'struck down President Donald Trump's tariffs two months ago, many companies rejoiced at the prospect of returning to pre-tariff prices and the possibility of getting a refund back from the government. However, the ruling may have also…...
Millions of Americans paid billions in tariffs later ruled illegal " and they won't see a dime back
1+ week, 1+ day ago (232+ words) As the result of the so-called "Liberation Day" tariffs announced April 2, 2025, retail prices rose by between 6 and 7 percentage points, costing the average American household between $400 and $600 " and many considerably more. For low-income families especially, this was a painful'gouge'into their incomes....
Inside one CEO's battle to get a tariff refund
3+ week, 6+ day ago (604+ words) In May, she framed the tariffs on Nanit's products as incongruous with the Trump administration's efforts to boost births; tariffs risked adding to the already astronomical cost of raising children. Trump has proposed easing families' costs with measures like a…...
Meet the quiet winners of the Supreme Court tariff ruling: hedge funds creating a $100 billion market snapping up rights to importers" tariff refunds
1+ mon, 1+ week ago (721+ words) At the end of February, Rep. Jamie Raskin, ranking member of the House Judiciary Committee, sent a letter to Commerce Secretary Howard Lutnick and his son Brandon Lutnick, who took over as chair of financial services firm Cantor Fitzgerald, replacing…...
Almost every Democratic AG just sued Trump over tariff refunds, demanding money back now
1+ mon, 1+ week ago (492+ words) Some two dozen states challenged President Donald Trump's new global tariffs on Thursday, filing a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court. The Democratic attorneys general and governors in the lawsuit argue that…...
Yes, judge tells Trump: you have to refund all the companies that you charged with illegal tariffs
1+ mon, 1+ week ago (369+ words) In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds. Judge Richard Eaton of the U. S. Court of International Trade wrote…...
Thanks to Trump, tax refunds could $1, 000 higher this season. Here are the new deductions taxpayers should know about
1+ mon, 3+ week ago (1392+ words) Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible. "Don't wait until the last minute…...