Could the US Supreme court overturn Trump-era tariffs, and does that mean that money will be returned?
Major corporations, including Canadian firm Danby Appliances, are preparing for a potential U.S. Supreme Court ruling that could invalidate Trump-era tariffs imposed under emergency powers. If overturned, companies may seek refunds totaling up to US$150 billion, though experts warn the process will be lengthy and contested. Global giants such as Costco, Goodyear, and EssilorLuxottica have already filed lawsuits against the U.S. government, signaling widespread resistance to protectionist measures.
For Canadian businesses, these developments underscore the importance of contingency planning and exploring alternative markets to mitigate tariff risk.
Meanwhile, trade tensions between the U.S. and Canada continue to escalate, with tariffs strongly impacting Windsor’s automotive and manufacturing sectors. A CTV News report highlights how local industries face rising costs and operational strain, threatening jobs and regional stability.
