Business owners expressed optimism following a Supreme Court ruling that struck down President Trump’s tariffs imposed under the International Emergency Economic Powers Act, which could reduce costs and lead to potential refunds. The ruling may nullify approximately $287 billion in tariffs collected, with businesses anticipating refunds as high as $150 billion. While some fear delays or issues in obtaining refunds, the Trump administration is considering alternative tariff measures under different legal provisions. Experts caution that new tariffs could take time to implement and may not cover all imports.
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